salaryRent is higher than in 89% of U.S. cities. Household incomes are higher than in 98% of U.S. cities. A typical house costs about 3.0 years of household income. Commutes are long, about 41.6 minutes each way. Most homes (84.9%) are owned, so rentals can be hard to find. It is a highly educated city: 73% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $107,960 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 213 of 291 cities from cheapest to most expensive.
How much do households earn in Fanwood?
Share of households by yearly income. 72.9% of households earn $100,000 or more.
Rent by apartment size in Fanwood
| Size | Fanwood | U.S. average |
|---|---|---|
| 1 bedroom | $2,307 | $1,324 |
| 2 bedrooms | $2,463 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Fanwood 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 Fanwood, so the New Jersey figure is shown.
Taxes and bills in Fanwood
Life in Fanwood
Is it cheaper to rent or buy in Fanwood?
Renting is cheaper right now: about $1,708 a month less.
Owning assumes a typical $635,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $63,520 for the down payment.
Frequently asked questions
What is the average rent in Fanwood, NJ?
Renting in Fanwood costs a median of about $2,699 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Fanwood?
To keep rent under 30% of income, you need about $107,960 a year, or $52 an hour at a full-time job.
Is Fanwood cheap or expensive?
Fanwood is rated Cheap: rent takes 15.4% of the typical household income of $210,878. It ranks 213th cheapest of 291 New Jersey cities we track.
How much are property taxes in Fanwood?
The median homeowner in Fanwood pays $10,000+ a year in property taxes, about 1.57% of the median home value.
Is Fanwood 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 Fanwood?
The median home value in Fanwood is $635,200, about 3.0 times the typical yearly household income.
7,799 people live in Fanwood. Numbers are typical (middle) values.