salaryRent here is among the highest 10% in the country. Household incomes are higher than in 99% of U.S. cities. A typical house costs about 6.7 years of household income, so buying is hard for most locals. Commutes are long, about 45 minutes each way. Most homes (92.9%) are owned, so rentals can be hard to find. It is a highly educated city: 82.1% 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 277 of 291 cities from cheapest to most expensive.
How much do households earn in Rumson?
Share of households by yearly income. 77.4% of households earn $100,000 or more.
Rent by apartment size in Rumson
| Size | Rumson | U.S. average |
|---|---|---|
| 2 bedrooms | $2,615 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Rumson 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 Rumson, so the New Jersey figure is shown.
Taxes and bills in Rumson
Life in Rumson
Is it cheaper to rent or buy in Rumson?
Renting is cheaper right now: about $8,151 a month less.
Owning assumes a typical $1,679,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $167,930 for the down payment.
Frequently asked questions
What is the average rent in Rumson, NJ?
Renting in Rumson 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 Rumson?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Rumson cheap or expensive?
Rumson is rated Cheap: rent takes 16.8% of the typical household income of $250,000+. It ranks 277th cheapest of 291 New Jersey cities we track.
How much are property taxes in Rumson?
The median homeowner in Rumson pays $10,000+ a year in property taxes, about 0.60% of the median home value.
Is Rumson 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 Rumson?
The median home value in Rumson is $1,679,300, about 6.7 times the typical yearly household income.
7,241 people live in Rumson. Numbers are typical (middle) values.