States › New Jersey › Wharton

Is Wharton, NJ expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8988% higher than U.S. average
💵 Families earn per year (2026)$92,500about $7,708/month · 6% higher than U.S. average
🔑 House price$380,70014% higher than U.S. average

Rent is higher than in 63% of U.S. cities. A typical house costs about 4.1 years of household income. Commutes are long, about 32.1 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $75,920 a year. That is $37 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 70 of 291 cities from cheapest to most expensive.

Wharton
$1,898
Emerson
$2,082
Washington
$1,420
Yorketown
$3,011
Rumson
$3,500+
Keyport
$2,119
Palmyra
$1,871

How much do households earn in Wharton?

Under $25k
10.6%
$25k–50k
14.4%
$50k–100k
32.8%
$100k–150k
29.5%
$150k+
6.4%

Share of households by yearly income. 35.9% of households earn $100,000 or more.

Rent by apartment size in Wharton

SizeWhartonU.S. average
1 bedroom$1,794$1,324
2 bedrooms$2,029$1,509

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

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

Taxes and bills in Wharton

🏛️ Property tax$9,296a year · 2.44% of home value · U.S. $3,119
⚡ Electric bill$94a month (typical) · U.S. $156

Life in Wharton

Commute to work32.1 minU.S.: 26.4 min
College degree28.8%U.S.: 35.7%
Own their home59%U.S.: 65.2%
Below poverty line15.3%U.S.: 12.5%
Unemployment7.4%U.S.: 5.2%

Is it cheaper to rent or buy in Wharton?

Renting is cheaper right now: about $744 a month less.

Renting
$1,898
Owning
$2,642

Owning assumes a typical $380,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,070 for the down payment.

Frequently asked questions

What is the average rent in Wharton, NJ?

Renting in Wharton costs a median of about $1,898 a month in 2026, including utilities. The New Jersey median is $2,240.

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

To keep rent under 30% of income, you need about $75,920 a year, or $37 an hour at a full-time job.

Is Wharton cheap or expensive?

Wharton is rated OK: rent takes 24.6% of the typical household income of $92,500. It ranks 70th cheapest of 291 New Jersey cities we track.

How much are property taxes in Wharton?

The median homeowner in Wharton pays $9,296 a year in property taxes, about 2.44% of the median home value.

Is Wharton 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 Wharton?

The median home value in Wharton is $380,700, about 4.1 times the typical yearly household income.

7,318 people live in Wharton. Numbers are typical (middle) values.