salaryRent here is among the highest 10% in the country. Household incomes are higher than in 96% of U.S. cities. A typical house costs about 4.6 years of household income. Commutes are long, about 36.8 minutes each way. Most households rent (66%), so there are plenty of rental options. It is a highly educated city: 82.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 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 272 of 291 cities from cheapest to most expensive.
How much do households earn in Hoboken?
Share of households by yearly income. 64.1% of households earn $100,000 or more.
Rent by apartment size in Hoboken
| Size | Hoboken | U.S. average |
|---|---|---|
| Studio | $2,829 | $1,338 |
| 1 bedroom | $2,569 | $1,324 |
| 2 bedrooms | $3,720 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hoboken 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 Hoboken, so the New Jersey figure is shown.
Taxes and bills in Hoboken
Life in Hoboken
Is it cheaper to rent or buy in Hoboken?
Renting is cheaper right now: about $2,710 a month less.
Owning assumes a typical $895,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $89,510 for the down payment.
Frequently asked questions
What is the average rent in Hoboken, NJ?
Renting in Hoboken costs a median of about $3,500+ a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Hoboken?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Hoboken cheap or expensive?
Hoboken is rated OK: rent takes 21.6% of the typical household income of $194,754. It ranks 272nd cheapest of 291 New Jersey cities we track.
How much are property taxes in Hoboken?
The median homeowner in Hoboken pays $10,000+ a year in property taxes, about 1.12% of the median home value.
Is Hoboken 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 Hoboken?
The median home value in Hoboken is $895,100, about 4.6 times the typical yearly household income.
58,668 people live in Hoboken. Numbers are typical (middle) values.