States › New Jersey › Crestwood Village

Is Crestwood Village, NJ expensive to live in?

ExpensiveRent takes 37 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,26428% lower than U.S. average
💵 Families earn per year (2026)$41,081about $3,423/month · 53% lower than U.S. average
🔑 House price$96,50071% lower than U.S. average

Rent is lower than in 72% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 35.1 minutes each way. Most homes (90.7%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $50,560 a year. That is $24 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 11 of 291 cities from cheapest to most expensive.

Crestwood Village
$1,264
Fanwood
$2,699
Dunellen
$2,025
Bernardsville
$2,535
Basking Ridge
$602
Glen Ridge
$3,010
Heathcote
$1,791

How much do households earn in Crestwood Village?

Under $25k
33.4%
$25k–50k
32.6%
$50k–100k
20.5%
$100k–150k
5.9%
$150k+
1.6%

Share of households by yearly income. 7.6% of households earn $100,000 or more.

How expensive is Crestwood Village 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 Crestwood Village, so the New Jersey figure is shown.

Taxes and bills in Crestwood Village

🏛️ Property tax$1,631a year · 1.69% of home value · U.S. $3,119
⚡ Electric bill$170a month (typical) · U.S. $156

Life in Crestwood Village

Commute to work35.1 minU.S.: 26.4 min
College degree17.9%U.S.: 35.7%
Own their home90.7%U.S.: 65.2%
Below poverty line12.3%U.S.: 12.5%
Unemployment12.3%U.S.: 5.2%

Is it cheaper to rent or buy in Crestwood Village?

Buying is cheaper month to month: about $594 a month less than renting.

Renting
$1,264
Owning
$670

Owning assumes a typical $96,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $9,650 for the down payment.

Frequently asked questions

What is the average rent in Crestwood Village, NJ?

Renting in Crestwood Village costs a median of about $1,264 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Crestwood Village?

To keep rent under 30% of income, you need about $50,560 a year, or $24 an hour at a full-time job.

Is Crestwood Village cheap or expensive?

Crestwood Village is rated Expensive: rent takes 36.9% of the typical household income of $41,081. It ranks 11th cheapest of 291 New Jersey cities we track.

How much are property taxes in Crestwood Village?

The median homeowner in Crestwood Village pays $1,631 a year in property taxes, about 1.69% of the median home value.

Is Crestwood Village 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 Crestwood Village?

The median home value in Crestwood Village is $96,500, about 2.3 times the typical yearly household income.

7,830 people live in Crestwood Village. Numbers are typical (middle) values.