salaryRent here is among the highest 10% in the country. A typical house costs about 5.3 years of household income. Commutes are long, about 38.1 minutes each way. Most households rent (60%), so there are plenty of rental options. It is a highly educated city: 72.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $132,640 a year. That is $64 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 264 of 291 cities from cheapest to most expensive.
How much do households earn in Edgewater?
Share of households by yearly income. 49.4% of households earn $100,000 or more.
Rent by apartment size in Edgewater
| Size | Edgewater | U.S. average |
|---|---|---|
| Studio | $2,540 | $1,338 |
| 1 bedroom | $2,274 | $1,324 |
| 2 bedrooms | $3,504 | $1,509 |
| 3 bedrooms | $3,075 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Edgewater 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 Edgewater, so the New Jersey figure is shown.
Taxes and bills in Edgewater
Life in Edgewater
Is it cheaper to rent or buy in Edgewater?
Renting is cheaper right now: about $1,650 a month less.
Owning assumes a typical $715,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $71,570 for the down payment.
Frequently asked questions
What is the average rent in Edgewater, NJ?
Renting in Edgewater costs a median of about $3,316 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Edgewater?
To keep rent under 30% of income, you need about $132,640 a year, or $64 an hour at a full-time job.
Is Edgewater cheap or expensive?
Edgewater is rated OK: rent takes 29.7% of the typical household income of $133,788. It ranks 264th cheapest of 291 New Jersey cities we track.
How much are property taxes in Edgewater?
The median homeowner in Edgewater pays $10,000+ a year in property taxes, about 1.40% of the median home value.
Is Edgewater 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 Edgewater?
The median home value in Edgewater is $715,700, about 5.3 times the typical yearly household income.
14,759 people live in Edgewater. Numbers are typical (middle) values.