States › New Jersey › Oak Ridge

Is Oak Ridge, NJ expensive to live in?

CheapRent takes 14 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,51414% lower than U.S. average
💵 Families earn per year (2026)$131,442about $10,954/month · 51% higher than U.S. average
🔑 House price$436,10031% higher than U.S. average

Rent is lower than in 57% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 41.9 minutes each way. Most homes (86.5%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $60,560 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

Yes. Rent here is cheaper than in most of New Jersey. It is number 25 of 291 cities from cheapest to most expensive.

Oak Ridge
$1,514
Lincoln Park
$2,049
Totowa
$2,286
Pompton Plains
$3,481
Marlton
$2,468
Manville
$2,035
Little Ferry
$1,967

How much do households earn in Oak Ridge?

Under $25k
8.1%
$25k–50k
14.2%
$50k–100k
23.9%
$100k–150k
23.8%
$150k+
25.1%

Share of households by yearly income. 48.9% of households earn $100,000 or more.

Rent by apartment size in Oak Ridge

SizeOak RidgeU.S. average
2 bedrooms$1,823$1,509
3 bedrooms$2,152$1,698

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

How expensive is Oak Ridge 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 Oak Ridge, so the New Jersey figure is shown.

Taxes and bills in Oak Ridge

🏛️ Property tax$10,000+a year · 2.29% of home value · U.S. $3,119
⚡ Electric bill$124a month (typical) · U.S. $156

Life in Oak Ridge

Commute to work41.9 minU.S.: 26.4 min
College degree42.8%U.S.: 35.7%
Own their home86.5%U.S.: 65.2%
Below poverty line5.8%U.S.: 12.5%
Unemployment5.3%U.S.: 5.2%

Is it cheaper to rent or buy in Oak Ridge?

Renting is cheaper right now: about $1,512 a month less.

Renting
$1,514
Owning
$3,026

Owning assumes a typical $436,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $43,610 for the down payment.

Frequently asked questions

What is the average rent in Oak Ridge, NJ?

Renting in Oak Ridge costs a median of about $1,514 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Oak Ridge?

To keep rent under 30% of income, you need about $60,560 a year, or $29 an hour at a full-time job.

Is Oak Ridge cheap or expensive?

Oak Ridge is rated Cheap: rent takes 13.8% of the typical household income of $131,442. It ranks 25th cheapest of 291 New Jersey cities we track.

How much are property taxes in Oak Ridge?

The median homeowner in Oak Ridge pays $10,000+ a year in property taxes, about 2.29% of the median home value.

Is Oak Ridge 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 Oak Ridge?

The median home value in Oak Ridge is $436,100, about 3.3 times the typical yearly household income.

10,954 people live in Oak Ridge. Numbers are typical (middle) values.