States › New Jersey › Lake Hiawatha

Is Lake Hiawatha, NJ expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,29731% higher than U.S. average
💵 Families earn per year (2026)$112,879about $9,407/month · 30% higher than U.S. average
🔑 House price$428,60029% higher than U.S. average

Rent is higher than in 79% of U.S. cities. A typical house costs about 3.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $91,880 a year. That is $44 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 156 of 291 cities from cheapest to most expensive.

Lake Hiawatha
$2,297
Little Ferry
$1,967
Pompton Lakes
$2,497
Pompton Plains
$3,481
East Franklin
$2,805
Totowa
$2,286
Lincoln Park
$2,049

How much do households earn in Lake Hiawatha?

Under $25k
5.1%
$25k–50k
11.8%
$50k–100k
40.9%
$100k–150k
21.8%
$150k+
17.3%

Share of households by yearly income. 39.1% of households earn $100,000 or more.

Rent by apartment size in Lake Hiawatha

SizeLake HiawathaU.S. average
1 bedroom$1,610$1,324
2 bedrooms$1,983$1,509
3 bedrooms$2,546$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lake Hiawatha 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 Lake Hiawatha, so the New Jersey figure is shown.

Taxes and bills in Lake Hiawatha

🏛️ Property tax$7,883a year · 1.84% of home value · U.S. $3,119
⚡ Electric bill$72a month (typical) · U.S. $156

Life in Lake Hiawatha

Commute to work25 minU.S.: 26.4 min
College degree51.7%U.S.: 35.7%
Own their home58.5%U.S.: 65.2%
Below poverty line3.3%U.S.: 12.5%
Unemployment3%U.S.: 5.2%

Is it cheaper to rent or buy in Lake Hiawatha?

Renting is cheaper right now: about $677 a month less.

Renting
$2,297
Owning
$2,974

Owning assumes a typical $428,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $42,860 for the down payment.

Frequently asked questions

What is the average rent in Lake Hiawatha, NJ?

Renting in Lake Hiawatha costs a median of about $2,297 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Lake Hiawatha?

To keep rent under 30% of income, you need about $91,880 a year, or $44 an hour at a full-time job.

Is Lake Hiawatha cheap or expensive?

Lake Hiawatha is rated OK: rent takes 24.4% of the typical household income of $112,879. It ranks 156th cheapest of 291 New Jersey cities we track.

How much are property taxes in Lake Hiawatha?

The median homeowner in Lake Hiawatha pays $7,883 a year in property taxes, about 1.84% of the median home value.

Is Lake Hiawatha 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 Lake Hiawatha?

The median home value in Lake Hiawatha is $428,600, about 3.8 times the typical yearly household income.

11,018 people live in Lake Hiawatha. Numbers are typical (middle) values.