Cost of Living in Fair Haven, NJ

Population 6,182 · New Jersey · Data vintage 2023

292
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fair Haven's housing market reflects its status as a high-earning metro: $943,000 for a typical home, 209% above the US median, paired with household incomes around $237,132 that put it in the upper third of the state.

Located 20 miles south of New York, Fair Haven falls within that metro's commuting orbit. Median home values run roughly 25% higher than New York's $752,000.

Cost Overview

Housing 309
Rent 266

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fair Haven

The median home value in Fair Haven is $943,300 — 209% above the national median of $305,000. Median rent runs $3,500/month, 166% higher than the national median of $1,314/month. The median household income of $237,132/year is 218% higher than the US median of $74,580. The local unemployment rate is 3.2%, below the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 63.8°F and lows of 47.1°F, with about 31.5" of annual snowfall. Overall, Fair Haven has a cost of living index of 292 versus the US average of 100, meaning it is 192% more expensive.

🏠 Housing

Median Home Value
$943,300
209% above avg
Zillow Home Value
$307,856
Zillow ZHVI
Median Rent
$3,500/mo
166% above avg
Price-to-Rent Ratio
22.5x
Favors renting
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 92.4%
Renter-occupied 7.6%

💰 Estimated Monthly Budget

Rent median rent
$3,500
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $4,114/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
42.4 min
57% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
23.4%

Commute Mode

Drove alone
53.5%
Carpooled
3.9%
Public transit
16.0%
Walked
0.9%
Bicycle
0.5%
Work from home
23.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$237,132
218% above avg
Per Capita Income
$112,530
Unemployment Rate
3.2%
33% below avg
Poverty Rate
1.2%
Labor Force Participation
71.7%

🎓 Education

Bachelor's degree+ 48.9%
Graduate degree 32.1%

👥 Demographics

Median Age 40.5
Male median age 39.9
Female median age 41.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
63.8°F
Avg Low
47.1°F
Annual Precip
46.6"
Annual Snowfall
31.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637382878578665545
Low °F 262734445464696861493931
Precip" 3.422.984.133.873.974.344.664.153.823.793.334.14
Snow" 9.110.15.60.50.00.00.00.00.00.20.65.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
85%
Good air days/yr
140
Max AQI recorded
0
PM2.5 days
247
Ozone days

Frequently Asked Questions

What is the cost of living in Fair Haven, NJ?

Fair Haven has a cost index of 292 (100 = national average). It is 192% above the national average.

What is average rent in Fair Haven, NJ?

The median gross rent in Fair Haven is $3,500 per month based on 2023 Census data.

What is the average home price in Fair Haven?

The median home value in Fair Haven is $943,300 according to Zillow and Census data.

What is the median income in Fair Haven?

The median household income in Fair Haven is $237,132 per year (2023 ACS 5-year estimates).

What is the sales tax in Fair Haven, NJ?

The combined state and local sales tax rate in Fair Haven is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Fair Haven, NJ affordable?

Fair Haven is above average in cost of living, with an index of 292 — about 192% higher than the national average.

What is the weather like in Fair Haven?

Fair Haven has average high temperatures of 63.8°F and average lows of 47.1°F. Annual precipitation is 46.6". Average annual snowfall is 31.5". Data from NOAA 1991–2020 Climate Normals.

Fair Haven at a Glance

Population
6,182
Median Income
$237,132
Home Value
$943,300
Median Rent
$3,500/mo
Unemployment
3.2%
Avg High Temp
63.8°F
Sales Tax
6.6%
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🗺️ County data for New Jersey

Explore county-level cost of living data

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