States › New Jersey › Boonton

Is Boonton, NJ expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,04016% higher than U.S. average
💵 Families earn per year (2026)$123,275about $10,273/month · 42% higher than U.S. average
🔑 House price$495,40049% higher than U.S. average

Rent is higher than in 71% of U.S. cities. A typical house costs about 4.0 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $81,600 a year. That is $39 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

Yes. Rent here is cheaper than in most of New Jersey. It is number 106 of 291 cities from cheapest to most expensive.

Boonton
$2,040
Pitman
$1,791
White Meadow Lake
$2,964
Flanders
$2,055
Montvale
$3,366
Clayton
$1,375
North Haledon
$2,614

How much do households earn in Boonton?

Under $25k
12.3%
$25k–50k
8.2%
$50k–100k
26.7%
$100k–150k
28.9%
$150k+
17.2%

Share of households by yearly income. 46.1% of households earn $100,000 or more.

Rent by apartment size in Boonton

SizeBoontonU.S. average
Studio$2,601$1,338
1 bedroom$1,770$1,324
2 bedrooms$1,906$1,509
3 bedrooms$2,558$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Boonton overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Boonton, so the New Jersey figure is shown.

Taxes and bills in Boonton

🏛️ Property tax$10,000+a year · 2.02% of home value · U.S. $3,119
⚡ Electric bill$102a month (typical) · U.S. $156

Life in Boonton

Commute to work22.4 minU.S.: 26.4 min
College degree50.1%U.S.: 35.7%
Own their home62.1%U.S.: 65.2%
Below poverty line8.1%U.S.: 12.5%
Unemployment6.9%U.S.: 5.2%

Is it cheaper to rent or buy in Boonton?

Renting is cheaper right now: about $1,397 a month less.

Renting
$2,040
Owning
$3,437

Owning assumes a typical $495,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $49,540 for the down payment.

Frequently asked questions

What is the average rent in Boonton, NJ?

Renting in Boonton costs a median of about $2,040 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Boonton?

To keep rent under 30% of income, you need about $81,600 a year, or $39 an hour at a full-time job.

Is Boonton cheap or expensive?

Boonton is rated Cheap: rent takes 19.9% of the typical household income of $123,275. It ranks 106th cheapest of 291 New Jersey cities we track.

How much are property taxes in Boonton?

The median homeowner in Boonton pays $10,000+ a year in property taxes, about 2.02% of the median home value.

Is Boonton more expensive than the national average?

Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Boonton?

The median home value in Boonton is $495,400, about 4.0 times the typical yearly household income.

8,854 people live in Boonton. Numbers are typical (middle) values.