salaryRent here is among the highest 10% in the country. Household incomes are higher than in 98% of U.S. cities. A typical house costs about 4.5 years of household income. Commutes are long, about 39.8 minutes each way. It is a highly educated city: 78.7% 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 273 of 291 cities from cheapest to most expensive.
How much do households earn in Tenafly?
Share of households by yearly income. 70.3% of households earn $100,000 or more.
Rent by apartment size in Tenafly
| Size | Tenafly | U.S. average |
|---|---|---|
| 1 bedroom | $2,478 | $1,324 |
| 2 bedrooms | $2,947 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Tenafly 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 Tenafly, so the New Jersey figure is shown.
Taxes and bills in Tenafly
Life in Tenafly
Is it cheaper to rent or buy in Tenafly?
Renting is cheaper right now: about $3,456 a month less.
Owning assumes a typical $1,002,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $100,260 for the down payment.
Frequently asked questions
What is the average rent in Tenafly, NJ?
Renting in Tenafly 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 Tenafly?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Tenafly cheap or expensive?
Tenafly is rated Cheap: rent takes 18.7% of the typical household income of $224,544. It ranks 273rd cheapest of 291 New Jersey cities we track.
How much are property taxes in Tenafly?
The median homeowner in Tenafly pays $10,000+ a year in property taxes, about 1.00% of the median home value.
Is Tenafly 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 Tenafly?
The median home value in Tenafly is $1,002,600, about 4.5 times the typical yearly household income.
15,319 people live in Tenafly. Numbers are typical (middle) values.