States › New Jersey › Totowa

Is Totowa, NJ expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,28630% higher than U.S. average
💵 Families earn per year (2026)$122,478about $10,207/month · 41% higher than U.S. average
🔑 House price$559,30068% higher than U.S. average

Rent is higher than in 79% of U.S. cities. A typical house costs about 4.6 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $91,440 a year. That is $44 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 153 of 291 cities from cheapest to most expensive.

Totowa
$2,286
Lincoln Park
$2,049
Oak Ridge
$1,514
Pompton Plains
$3,481
Little Ferry
$1,967
Marlton
$2,468
Manville
$2,035

How much do households earn in Totowa?

Under $25k
8.3%
$25k–50k
18.4%
$50k–100k
27.0%
$100k–150k
22.3%
$150k+
21.8%

Share of households by yearly income. 44.1% of households earn $100,000 or more.

Rent by apartment size in Totowa

SizeTotowaU.S. average
1 bedroom$1,556$1,324
2 bedrooms$2,532$1,509
3 bedrooms$2,430$1,698

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

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

Taxes and bills in Totowa

🏛️ Property tax$9,911a year · 1.77% of home value · U.S. $3,119
⚡ Electric bill$213a month (typical) · U.S. $156

Life in Totowa

Commute to work25.3 minU.S.: 26.4 min
College degree40.7%U.S.: 35.7%
Own their home73.6%U.S.: 65.2%
Below poverty line4.1%U.S.: 12.5%
Unemployment3%U.S.: 5.2%

Is it cheaper to rent or buy in Totowa?

Renting is cheaper right now: about $1,595 a month less.

Renting
$2,286
Owning
$3,881

Owning assumes a typical $559,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $55,930 for the down payment.

Frequently asked questions

What is the average rent in Totowa, NJ?

Renting in Totowa costs a median of about $2,286 a month in 2026, including utilities. The New Jersey median is $2,240.

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

To keep rent under 30% of income, you need about $91,440 a year, or $44 an hour at a full-time job.

Is Totowa cheap or expensive?

Totowa is rated OK: rent takes 22.4% of the typical household income of $122,478. It ranks 153rd cheapest of 291 New Jersey cities we track.

How much are property taxes in Totowa?

The median homeowner in Totowa pays $9,911 a year in property taxes, about 1.77% of the median home value.

Is Totowa 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 Totowa?

The median home value in Totowa is $559,300, about 4.6 times the typical yearly household income.

10,959 people live in Totowa. Numbers are typical (middle) values.