States › New Jersey › Runnemede

Is Runnemede, NJ expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,01615% higher than U.S. average
💵 Families earn per year (2026)$98,469about $8,206/month · 13% higher than U.S. average
🔑 House price$252,30024% lower than U.S. average

Rent is higher than in 70% 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 $80,640 a year. That is $39 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 97 of 291 cities from cheapest to most expensive.

Runnemede
$2,016
Raritan
$2,713
Newton
$2,072
Twin Rivers
$1,934
Kenilworth
$2,232
Upper Saddle River
$3,500+
Mystic Island
$2,089

How much do households earn in Runnemede?

Under $25k
8.9%
$25k–50k
19.6%
$50k–100k
33.5%
$100k–150k
27.5%
$150k+
7.1%

Share of households by yearly income. 34.7% of households earn $100,000 or more.

Rent by apartment size in Runnemede

SizeRunnemedeU.S. average
Studio$954$1,338
1 bedroom$1,540$1,324
2 bedrooms$1,576$1,509
3 bedrooms$2,458$1,698

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

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

Taxes and bills in Runnemede

🏛️ Property tax$6,578a year · 2.61% of home value · U.S. $3,119
⚡ Electric bill$157a month (typical) · U.S. $156

Life in Runnemede

Commute to work27 minU.S.: 26.4 min
College degree28.7%U.S.: 35.7%
Own their home72.5%U.S.: 65.2%
Below poverty line8%U.S.: 12.5%
Unemployment6.1%U.S.: 5.2%

Is it cheaper to rent or buy in Runnemede?

Buying is cheaper month to month: about $265 a month less than renting.

Renting
$2,016
Owning
$1,751

Owning assumes a typical $252,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,230 for the down payment.

Frequently asked questions

What is the average rent in Runnemede, NJ?

Renting in Runnemede costs a median of about $2,016 a month in 2026, including utilities. The New Jersey median is $2,240.

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

To keep rent under 30% of income, you need about $80,640 a year, or $39 an hour at a full-time job.

Is Runnemede cheap or expensive?

Runnemede is rated OK: rent takes 24.6% of the typical household income of $98,469. It ranks 97th cheapest of 291 New Jersey cities we track.

How much are property taxes in Runnemede?

The median homeowner in Runnemede pays $6,578 a year in property taxes, about 2.61% of the median home value.

Is Runnemede 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 Runnemede?

The median home value in Runnemede is $252,300, about 2.6 times the typical yearly household income.

8,355 people live in Runnemede. Numbers are typical (middle) values.