States › New Jersey › Strathmore

Is Strathmore, NJ expensive to live in?

CheapRent takes 13 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,757same as U.S. average
💵 Families earn per year (2026)$163,776about $13,648/month · 88% higher than U.S. average
🔑 House price$539,50062% higher than U.S. average

Rent is higher than in 55% of U.S. cities. Household incomes are higher than in 92% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 35.1 minutes each way. Most homes (87.4%) are owned, so rentals can be hard to find. It is a highly educated city: 64.7% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $70,280 a year. That is $34 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 50 of 291 cities from cheapest to most expensive.

Strathmore
$1,757
Kingston Estates
$2,092
North Caldwell
$3,673
Franklin Center
$3,270
Green Knoll
$1,598
Rockaway
$1,751
Ramblewood
$2,503

How much do households earn in Strathmore?

Under $25k
2.5%
$25k–50k
13.0%
$50k–100k
23.2%
$100k–150k
27.6%
$150k+
32.7%

Share of households by yearly income. 60.3% of households earn $100,000 or more.

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

Taxes and bills in Strathmore

🏛️ Property tax$10,000+a year · 1.85% of home value · U.S. $3,119
⚡ Electric bill$129a month (typical) · U.S. $156

Life in Strathmore

Commute to work35.1 minU.S.: 26.4 min
College degree64.7%U.S.: 35.7%
Own their home87.4%U.S.: 65.2%
Below poverty line1.9%U.S.: 12.5%
Unemployment4.9%U.S.: 5.2%

Is it cheaper to rent or buy in Strathmore?

Renting is cheaper right now: about $1,986 a month less.

Renting
$1,757
Owning
$3,743

Owning assumes a typical $539,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $53,950 for the down payment.

Frequently asked questions

What is the average rent in Strathmore, NJ?

Renting in Strathmore costs a median of about $1,757 a month in 2026, including utilities. The New Jersey median is $2,240.

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

To keep rent under 30% of income, you need about $70,280 a year, or $34 an hour at a full-time job.

Is Strathmore cheap or expensive?

Strathmore is rated Cheap: rent takes 12.9% of the typical household income of $163,776. It ranks 50th cheapest of 291 New Jersey cities we track.

How much are property taxes in Strathmore?

The median homeowner in Strathmore pays $10,000+ a year in property taxes, about 1.85% of the median home value.

Is Strathmore 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 Strathmore?

The median home value in Strathmore is $539,500, about 3.3 times the typical yearly household income.

6,708 people live in Strathmore. Numbers are typical (middle) values.