States › New Jersey › Martinsville

Is Martinsville, NJ expensive to live in?

CheapRent takes 13 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,39537% higher than U.S. average
💵 Families earn per year (2026)$221,093about $18,424/month · 154% higher than U.S. average
🔑 House price$720,400117% higher than U.S. average

Rent is higher than in 83% of U.S. cities. Household incomes are higher than in 98% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 34 minutes each way. Most homes (96%) are owned, so rentals can be hard to find. It is a highly educated city: 70.9% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $95,800 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 171 of 291 cities from cheapest to most expensive.

Martinsville
$2,395
Greentree
$2,401
Gloucester City
$2,459
Ridgefield
$2,639
Hamilton Square
$2,360
Ringwood
$1,931
Bellmawr
$2,018

How much do households earn in Martinsville?

Under $25k
1.8%
$25k–50k
7.3%
$50k–100k
18.0%
$100k–150k
20.8%
$150k+
52.2%

Share of households by yearly income. 73.1% of households earn $100,000 or more.

How expensive is Martinsville 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 Martinsville, so the New Jersey figure is shown.

Taxes and bills in Martinsville

🏛️ Property tax$10,000+a year · 1.39% of home value · U.S. $3,119
⚡ Electric bill$213a month (typical) · U.S. $156

Life in Martinsville

Commute to work34 minU.S.: 26.4 min
College degree70.9%U.S.: 35.7%
Own their home96%U.S.: 65.2%
Below poverty line1.4%U.S.: 12.5%
Unemployment2.8%U.S.: 5.2%

Is it cheaper to rent or buy in Martinsville?

Renting is cheaper right now: about $2,604 a month less.

Renting
$2,395
Owning
$4,999

Owning assumes a typical $720,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $72,040 for the down payment.

Frequently asked questions

What is the average rent in Martinsville, NJ?

Renting in Martinsville costs a median of about $2,395 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Martinsville?

To keep rent under 30% of income, you need about $95,800 a year, or $46 an hour at a full-time job.

Is Martinsville cheap or expensive?

Martinsville is rated Cheap: rent takes 13.0% of the typical household income of $221,093. It ranks 171st cheapest of 291 New Jersey cities we track.

How much are property taxes in Martinsville?

The median homeowner in Martinsville pays $10,000+ a year in property taxes, about 1.39% of the median home value.

Is Martinsville 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 Martinsville?

The median home value in Martinsville is $720,400, about 3.3 times the typical yearly household income.

11,559 people live in Martinsville. Numbers are typical (middle) values.