salaryRent here is among the highest 10% in the country. Household incomes are higher than in 92% of U.S. cities. A typical house costs about 3.8 years of household income. Most homes (87.3%) are owned, so rentals can be hard to find. It is a highly educated city: 55.4% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $112,800 a year. That is $54 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 226 of 291 cities from cheapest to most expensive.
How much do households earn in Whippany?
Share of households by yearly income. 59.9% of households earn $100,000 or more.
Rent by apartment size in Whippany
| Size | Whippany | U.S. average |
|---|---|---|
| 2 bedrooms | $3,350 | $1,509 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Whippany 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 Whippany, so the New Jersey figure is shown.
Taxes and bills in Whippany
Life in Whippany
Is it cheaper to rent or buy in Whippany?
Renting is cheaper right now: about $1,450 a month less.
Owning assumes a typical $615,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $61,540 for the down payment.
Frequently asked questions
What is the average rent in Whippany, NJ?
Renting in Whippany costs a median of about $2,820 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Whippany?
To keep rent under 30% of income, you need about $112,800 a year, or $54 an hour at a full-time job.
Is Whippany cheap or expensive?
Whippany is rated OK: rent takes 20.7% of the typical household income of $163,306. It ranks 226th cheapest of 291 New Jersey cities we track.
How much are property taxes in Whippany?
The median homeowner in Whippany pays $8,795 a year in property taxes, about 1.43% of the median home value.
Is Whippany 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 Whippany?
The median home value in Whippany is $615,400, about 3.8 times the typical yearly household income.
8,970 people live in Whippany. Numbers are typical (middle) values.