salaryRent is higher than in 89% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are long, about 31.4 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $107,240 a year. That is $52 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 209 of 291 cities from cheapest to most expensive.
How much do households earn in Carteret?
Share of households by yearly income. 37.6% of households earn $100,000 or more.
Rent by apartment size in Carteret
| Size | Carteret | U.S. average |
|---|---|---|
| Studio | $2,058 | $1,338 |
| 1 bedroom | $1,828 | $1,324 |
| 2 bedrooms | $2,408 | $1,509 |
| 3 bedrooms | $2,019 | $1,698 |
| 4 bedrooms | $2,423 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Carteret overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Carteret, so the New Jersey figure is shown.
Taxes and bills in Carteret
Life in Carteret
Is it cheaper to rent or buy in Carteret?
Renting is cheaper right now: about $135 a month less.
Owning assumes a typical $405,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,580 for the down payment.
Frequently asked questions
What is the average rent in Carteret, NJ?
Renting in Carteret costs a median of about $2,681 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Carteret?
To keep rent under 30% of income, you need about $107,240 a year, or $52 an hour at a full-time job.
Is Carteret cheap or expensive?
Carteret is rated Expensive: rent takes 30.8% of the typical household income of $104,466. It ranks 209th cheapest of 291 New Jersey cities we track.
How much are property taxes in Carteret?
The median homeowner in Carteret pays $7,750 a year in property taxes, about 1.91% of the median home value.
Is Carteret 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 Carteret?
The median home value in Carteret is $405,800, about 3.9 times the typical yearly household income.
25,496 people live in Carteret. Numbers are typical (middle) values.