States › New Jersey › Pitman

Is Pitman, NJ expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7912% higher than U.S. average
💵 Families earn per year (2026)$106,220about $8,852/month · 22% higher than U.S. average
🔑 House price$279,30016% lower than U.S. average

Rent is higher than in 57% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $71,640 a year. That is $34 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 56 of 291 cities from cheapest to most expensive.

Pitman
$1,791
Boonton
$2,040
White Meadow Lake
$2,964
Montvale
$3,366
Flanders
$2,055
Clayton
$1,375
North Haledon
$2,614

How much do households earn in Pitman?

Under $25k
5.1%
$25k–50k
17.8%
$50k–100k
37.9%
$100k–150k
25.4%
$150k+
12.6%

Share of households by yearly income. 38.0% of households earn $100,000 or more.

Rent by apartment size in Pitman

SizePitmanU.S. average
1 bedroom$1,700$1,324
2 bedrooms$1,375$1,509
3 bedrooms$2,228$1,698
4 bedrooms$2,043$2,098

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

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

Taxes and bills in Pitman

🏛️ Property tax$8,231a year · 2.95% of home value · U.S. $3,119
⚡ Electric bill$141a month (typical) · U.S. $156

Life in Pitman

Commute to work28.5 minU.S.: 26.4 min
College degree43.7%U.S.: 35.7%
Own their home73.6%U.S.: 65.2%
Below poverty line3.1%U.S.: 12.5%
Unemployment5.4%U.S.: 5.2%

Is it cheaper to rent or buy in Pitman?

Renting is cheaper right now: about $147 a month less.

Renting
$1,791
Owning
$1,938

Owning assumes a typical $279,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,930 for the down payment.

Frequently asked questions

What is the average rent in Pitman, NJ?

Renting in Pitman costs a median of about $1,791 a month in 2026, including utilities. The New Jersey median is $2,240.

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

To keep rent under 30% of income, you need about $71,640 a year, or $34 an hour at a full-time job.

Is Pitman cheap or expensive?

Pitman is rated OK: rent takes 20.2% of the typical household income of $106,220. It ranks 56th cheapest of 291 New Jersey cities we track.

How much are property taxes in Pitman?

The median homeowner in Pitman pays $8,231 a year in property taxes, about 2.95% of the median home value.

Is Pitman 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 Pitman?

The median home value in Pitman is $279,300, about 2.6 times the typical yearly household income.

8,856 people live in Pitman. Numbers are typical (middle) values.