States › New Jersey › Raritan

Is Raritan, NJ expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,71355% higher than U.S. average
💵 Families earn per year (2026)$116,124about $9,677/month · 33% higher than U.S. average
🔑 House price$456,90037% higher than U.S. average

Rent is higher than in 90% of U.S. cities. A typical house costs about 3.9 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $108,520 a year. That is $52 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 216 of 291 cities from cheapest to most expensive.

Raritan
$2,713
Newton
$2,072
Runnemede
$2,016
Twin Rivers
$1,934
Kenilworth
$2,232
Upper Saddle River
$3,500+
Northfield
$2,025

How much do households earn in Raritan?

Under $25k
5.9%
$25k–50k
14.7%
$50k–100k
32.7%
$100k–150k
22.2%
$150k+
21.6%

Share of households by yearly income. 43.8% of households earn $100,000 or more.

Rent by apartment size in Raritan

SizeRaritanU.S. average
Studio$2,424$1,338
1 bedroom$2,472$1,324
2 bedrooms$2,313$1,509
3 bedrooms$2,058$1,698
4 bedrooms$2,568$2,098

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

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

Taxes and bills in Raritan

🏛️ Property tax$9,024a year · 1.98% of home value · U.S. $3,119
⚡ Electric bill$173a month (typical) · U.S. $156

Life in Raritan

Commute to work22.2 minU.S.: 26.4 min
College degree44.5%U.S.: 35.7%
Own their home49.9%U.S.: 65.2%
Below poverty line8%U.S.: 12.5%
Unemployment2.8%U.S.: 5.2%

Is it cheaper to rent or buy in Raritan?

Renting is cheaper right now: about $457 a month less.

Renting
$2,713
Owning
$3,170

Owning assumes a typical $456,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $45,690 for the down payment.

Frequently asked questions

What is the average rent in Raritan, NJ?

Renting in Raritan costs a median of about $2,713 a month in 2026, including utilities. The New Jersey median is $2,240.

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

To keep rent under 30% of income, you need about $108,520 a year, or $52 an hour at a full-time job.

Is Raritan cheap or expensive?

Raritan is rated OK: rent takes 28.0% of the typical household income of $116,124. It ranks 216th cheapest of 291 New Jersey cities we track.

How much are property taxes in Raritan?

The median homeowner in Raritan pays $9,024 a year in property taxes, about 1.98% of the median home value.

Is Raritan 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 Raritan?

The median home value in Raritan is $456,900, about 3.9 times the typical yearly household income.

8,368 people live in Raritan. Numbers are typical (middle) values.