salaryRent is higher than in 83% of U.S. cities. Household incomes are higher than in 89% of U.S. cities. A typical house costs about 3.1 years of household income. Commutes are long, about 33.4 minutes each way. Most homes (86.5%) are owned, so rentals can be hard to find. It is a highly educated city: 60.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $96,480 a year. That is $46 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 176 of 291 cities from cheapest to most expensive.
How much do households earn in Ledgewood?
Share of households by yearly income. 54.7% of households earn $100,000 or more.
Rent by apartment size in Ledgewood
| Size | Ledgewood | U.S. average |
|---|---|---|
| 1 bedroom | $1,228 | $1,324 |
| 2 bedrooms | $2,806 | $1,509 |
| 3 bedrooms | $2,640 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Ledgewood 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 Ledgewood, so the New Jersey figure is shown.
Taxes and bills in Ledgewood
Life in Ledgewood
Is it cheaper to rent or buy in Ledgewood?
Renting is cheaper right now: about $786 a month less.
Owning assumes a typical $460,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,090 for the down payment.
Frequently asked questions
What is the average rent in Ledgewood, NJ?
Renting in Ledgewood costs a median of about $2,412 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Ledgewood?
To keep rent under 30% of income, you need about $96,480 a year, or $46 an hour at a full-time job.
Is Ledgewood cheap or expensive?
Ledgewood is rated Cheap: rent takes 19.7% of the typical household income of $146,581. It ranks 176th cheapest of 291 New Jersey cities we track.
How much are property taxes in Ledgewood?
The median homeowner in Ledgewood pays $10,000+ a year in property taxes, about 2.17% of the median home value.
Is Ledgewood 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 Ledgewood?
The median home value in Ledgewood is $460,900, about 3.1 times the typical yearly household income.
5,377 people live in Ledgewood. Numbers are typical (middle) values.