salaryRent is higher than in 72% of U.S. cities. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 3.8 years of household income. Commutes are long, about 35.3 minutes each way. Most homes (76.2%) are owned, so rentals can be hard to find. It is a highly educated city: 66.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $82,920 a year. That is $40 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 111 of 291 cities from cheapest to most expensive.
How much do households earn in River Edge?
Share of households by yearly income. 61.1% of households earn $100,000 or more.
Rent by apartment size in River Edge
| Size | River Edge | U.S. average |
|---|---|---|
| 1 bedroom | $1,941 | $1,324 |
| 2 bedrooms | $2,478 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is River Edge overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for River Edge, so the New Jersey figure is shown.
Taxes and bills in River Edge
Life in River Edge
Is it cheaper to rent or buy in River Edge?
Renting is cheaper right now: about $2,509 a month less.
Owning assumes a typical $660,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $66,030 for the down payment.
Frequently asked questions
What is the average rent in River Edge, NJ?
Renting in River Edge costs a median of about $2,073 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in River Edge?
To keep rent under 30% of income, you need about $82,920 a year, or $40 an hour at a full-time job.
Is River Edge cheap or expensive?
River Edge is rated Cheap: rent takes 14.5% of the typical household income of $171,512. It ranks 111th cheapest of 291 New Jersey cities we track.
How much are property taxes in River Edge?
The median homeowner in River Edge pays $10,000+ a year in property taxes, about 1.51% of the median home value.
Is River Edge 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 River Edge?
The median home value in River Edge is $660,300, about 3.8 times the typical yearly household income.
12,091 people live in River Edge. Numbers are typical (middle) values.