Cost of Living in South River, NJ

Population 16,007 · New Jersey · Data vintage 2023

124
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

South River is a smaller New Jersey community of around 16000 residents, where median household incomes of $101,853 and housing costs ($383,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 8.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 20 miles southwest of Elizabeth, South River falls within that metro's commuting orbit. Housing prices track closely with Elizabeth's $394,000 median.

Cost Overview

Housing 125
Rent 122

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

About the Cost of Living in South River

The median home value in South River is $382,500 — 25% above the national median of $305,000. Median rent runs $1,599/month, 22% higher than the national median of $1,314/month. The median household income of $101,853/year is 37% higher than the US median of $74,580. The local unemployment rate is 8.9%, above 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 63.6°F and lows of 41.4°F. Overall, South River has a cost of living index of 124 versus the US average of 100, meaning it is 24% more expensive.

🏠 Housing

Median Home Value
$382,500
25% above avg
Zillow Home Value
$520,131
Zillow ZHVI
Median Rent
$1,599/mo
22% above avg
Price-to-Rent Ratio
19.9x
Favors buying
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 65.7%
Renter-occupied 34.3%

💰 Estimated Monthly Budget

Rent median rent
$1,599
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,213/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
34.7 min
29% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.6%

Commute Mode

Drove alone
72.4%
Carpooled
10.9%
Public transit
1.9%
Walked
1.9%
Work from home
6.6%

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
$101,853
37% above avg
Per Capita Income
$42,195
Unemployment Rate
8.9%
86% above avg
Poverty Rate
11.3%
Labor Force Participation
70.6%

🎓 Education

Bachelor's degree+ 19.7%
Graduate degree 11.5%

👥 Demographics

Median Age 36.5
Male median age 35.6
Female median age 37.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
63.6°F
Avg Low
41.4°F
Annual Precip
45.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394351637381868478665544
Low °F 212230394858636154423326
Precip" 3.162.203.893.593.544.234.935.183.823.673.413.87

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
62.7%
Good air days/yr
247
Max AQI recorded
194
PM2.5 days
160
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
11.9:1
Student-teacher ratio
4
Public schools
2,361
Total enrollment

Frequently Asked Questions

What is the cost of living in South River, NJ?

South River has a cost index of 124 (100 = national average). It is 24% above the national average.

What is average rent in South River, NJ?

The median gross rent in South River is $1,599 per month based on 2023 Census data.

What is the average home price in South River?

The median home value in South River is $382,500 according to Zillow and Census data.

What is the median income in South River?

The median household income in South River is $101,853 per year (2023 ACS 5-year estimates).

What is the sales tax in South River, NJ?

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

Is South River, NJ affordable?

South River is above average in cost of living, with an index of 124 — about 24% higher than the national average.

What is the weather like in South River?

South River has average high temperatures of 63.6°F and average lows of 41.4°F. Annual precipitation is 45.5". Data from NOAA 1991–2020 Climate Normals.

South River at a Glance

Population
16,007
Median Income
$101,853
Home Value
$382,500
Median Rent
$1,599/mo
Unemployment
8.9%
Avg High Temp
63.6°F
Sales Tax
6.6%
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