States › New Jersey › Old Tappan

Is Old Tappan, NJ expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$3,500+100% higher than U.S. average
💵 Families earn per year (2026)$221,508about $18,459/month · 154% higher than U.S. average
🔑 House price$951,300186% higher than U.S. average

Rent here is among the highest 10% in the country. Household incomes are higher than in 98% of U.S. cities. A typical house costs about 4.3 years of household income. Commutes are long, about 33.7 minutes each way. Most homes (94.1%) are owned, so rentals can be hard to find. It is a highly educated city: 76.9% 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 281 of 291 cities from cheapest to most expensive.

Old Tappan
$3,500+
Pine Brook
$2,914
Mount Arlington
$2,069
Manasquan
$2,240
Hightstown
$1,772
Little Silver
$3,500+
Morganville
$2,970

How much do households earn in Old Tappan?

Under $25k
3.6%
$25k–50k
3.4%
$50k–100k
22.7%
$100k–150k
16.6%
$150k+
52.4%

Share of households by yearly income. 68.9% of households earn $100,000 or more.

How expensive is Old Tappan 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 Old Tappan, so the New Jersey figure is shown.

Taxes and bills in Old Tappan

🏛️ Property tax$10,000+a year · 1.05% of home value · U.S. $3,119
⚡ Electric bill$241a month (typical) · U.S. $156

Life in Old Tappan

Commute to work33.7 minU.S.: 26.4 min
College degree76.9%U.S.: 35.7%
Own their home94.1%U.S.: 65.2%
Below poverty line2.3%U.S.: 12.5%
Unemployment2.2%U.S.: 5.2%

Is it cheaper to rent or buy in Old Tappan?

Renting is cheaper right now: about $3,100 a month less.

Renting
$3,500+
Owning
$6,601

Owning assumes a typical $951,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $95,130 for the down payment.

Frequently asked questions

What is the average rent in Old Tappan, NJ?

Renting in Old Tappan 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 Old Tappan?

To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.

Is Old Tappan cheap or expensive?

Old Tappan is rated Cheap: rent takes 19.0% of the typical household income of $221,508. It ranks 281st cheapest of 291 New Jersey cities we track.

How much are property taxes in Old Tappan?

The median homeowner in Old Tappan pays $10,000+ a year in property taxes, about 1.05% of the median home value.

Is Old Tappan 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 Old Tappan?

The median home value in Old Tappan is $951,300, about 4.3 times the typical yearly household income.

6,008 people live in Old Tappan. Numbers are typical (middle) values.