States › New Jersey › Somerdale

Is Somerdale, NJ expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,22530% lower than U.S. average
💵 Families earn per year (2026)$92,347about $7,696/month · 6% higher than U.S. average
🔑 House price$224,60032% lower than U.S. average

Rent is lower than in 74% 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 $49,000 a year. That is $24 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 8 of 291 cities from cheapest to most expensive.

Somerdale
$1,225
Towaco
$2,152
Cape May Court House
$1,577
Neshanic Station
$2,366
Union Beach
$2,832
Norwood
$2,311
Glendora
$1,088

How much do households earn in Somerdale?

Under $25k
9.5%
$25k–50k
15.4%
$50k–100k
36.9%
$100k–150k
19.0%
$150k+
11.7%

Share of households by yearly income. 30.7% of households earn $100,000 or more.

Rent by apartment size in Somerdale

SizeSomerdaleU.S. average
1 bedroom$1,116$1,324
2 bedrooms$1,284$1,509
3 bedrooms$2,531$1,698

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

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

Taxes and bills in Somerdale

🏛️ Property tax$6,910a year · 3.08% of home value · U.S. $3,119
⚡ Electric bill$135a month (typical) · U.S. $156

Life in Somerdale

Commute to work23.7 minU.S.: 26.4 min
College degree26.1%U.S.: 35.7%
Own their home71.4%U.S.: 65.2%
Below poverty line13.8%U.S.: 12.5%
Unemployment6.7%U.S.: 5.2%

Is it cheaper to rent or buy in Somerdale?

Renting is cheaper right now: about $333 a month less.

Renting
$1,225
Owning
$1,558

Owning assumes a typical $224,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,460 for the down payment.

Frequently asked questions

What is the average rent in Somerdale, NJ?

Renting in Somerdale costs a median of about $1,225 a month in 2026, including utilities. The New Jersey median is $2,240.

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

To keep rent under 30% of income, you need about $49,000 a year, or $24 an hour at a full-time job.

Is Somerdale cheap or expensive?

Somerdale is rated Cheap: rent takes 15.9% of the typical household income of $92,347. It ranks 8th cheapest of 291 New Jersey cities we track.

How much are property taxes in Somerdale?

The median homeowner in Somerdale pays $6,910 a year in property taxes, about 3.08% of the median home value.

Is Somerdale 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 Somerdale?

The median home value in Somerdale is $224,600, about 2.4 times the typical yearly household income.

5,581 people live in Somerdale. Numbers are typical (middle) values.