salaryRent is higher than in 85% of U.S. cities. Household incomes are higher than in 99% of U.S. cities. A typical house costs about 4.0 years of household income. Commutes are long, about 42.2 minutes each way. Most homes (85.8%) are owned, so rentals can be hard to find. It is a highly educated city: 84.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $98,720 a year. That is $47 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 184 of 291 cities from cheapest to most expensive.
How much do households earn in Upper Montclair?
Share of households by yearly income. 78.6% of households earn $100,000 or more.
Rent by apartment size in Upper Montclair
| Size | Upper Montclair | U.S. average |
|---|---|---|
| 1 bedroom | $1,902 | $1,324 |
| 2 bedrooms | $2,946 | $1,509 |
| 3 bedrooms | $2,956 | $1,698 |
| 4 bedrooms | $3,636 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Upper Montclair 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 Upper Montclair, so the New Jersey figure is shown.
Taxes and bills in Upper Montclair
Life in Upper Montclair
Is it cheaper to rent or buy in Upper Montclair?
Renting is cheaper right now: about $4,394 a month less.
Owning assumes a typical $989,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $98,900 for the down payment.
Frequently asked questions
What is the average rent in Upper Montclair, NJ?
Renting in Upper Montclair costs a median of about $2,468 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Upper Montclair?
To keep rent under 30% of income, you need about $98,720 a year, or $47 an hour at a full-time job.
Is Upper Montclair cheap or expensive?
Upper Montclair is rated Cheap: rent takes 11.8% of the typical household income of $250,000+. It ranks 184th cheapest of 291 New Jersey cities we track.
How much are property taxes in Upper Montclair?
The median homeowner in Upper Montclair pays $10,000+ a year in property taxes, about 1.01% of the median home value.
Is Upper Montclair 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 Upper Montclair?
The median home value in Upper Montclair is $989,000, about 4.0 times the typical yearly household income.
12,457 people live in Upper Montclair. Numbers are typical (middle) values.