New Jersey is a bustling state with a diverse culture, good eats, and beautiful boardwalks. Whether you prefer to stroll the beaches in Ocean City, taste-test wines from local wineries, or retire in the peaceful tranquility of a wildlife refuge, you will have abundant opportunities to find the perfect place to build your home, even if it’s your first home. NewHomeSource has compiled a list of the 10 most affordable cities in New Jersey to help inform your choice.
1. Pennsauken Township
Home Price to Income Ratio: 2.61
Average Property Tax: $6,494
Median Household Income: $60,433
The title of most affordable city in New Jersey goes to Pennsauken Township. Located in the western part of the state along the Pennsylvania-New Jersey border, Pennsauken Township is considered a suburb of Philadelphia, Pennsylvania. Its location makes it an attractive choice for those interested in living close to the City of Brotherly Love. In the township itself, residents can partake in boating down Cooper River Lake, golfing at the country club, and learning local history at the 300-year old Griffith Morgan House.
2. Galloway Township
Home Price to Income Ratio: 3.32
Average Property Tax: $5,867
Median Household Income: $63,444
Located along the coast, Galloway Township is home to over 35,000 residents. Nature enthusiasts will love hiking and exploring the numerous wildlife refuges scattered across the islands. Folks can also soak up the sun along the beaches, go camping, and have a drink at local breweries.
3. Camden
Home Price to Income Ratio: 3.11
Average Property Tax: $2,906
Median Household Income: $27,015
Located adjacent to Pennsauken Township, Camden is a thriving riverside city with a population of over 77,000. From museums, aquariums, and historical sites such as Walt Whitman House, entertainment is never far away in Camden. Need more ideas? Enjoy golfing along the Cooper River or catching a live show at the Wiggins Waterfront Park.
4. Gloucester Township
Home Price to Income Ratio: 1.73
Average Property Tax: $8,024
Median Household Income: $72,699
Gloucester Township, with a population of about 64,000, is in Camden County. Shopaholics will love visiting the Gloucester Premium Outlets where you can find multiple stores and restaurants. Other highlights include the Gabreil Daveis Tavern Museum House, Gloucester Township Community Park, and Timber Creek Dog Park.
5. Egg Harbor Township
Home Price to Income Ratio: 2.95
Average Property Tax: $7,357
Median Household Income: $71,868
Egg Harbor Township stretches along the bay in Atlantic City County. Home to Atlantic City International Airport, Egg Harbor Township is a convenient place to call home if you enjoy traveling. Nature reserves and marinas provide ample opportunities for stretching your legs and breathing in some fresh air. Looking for a new hiking trail? Visit the 15-acre Egg Harbor Arboretum.
6. Manchester Township
Home Price to Income Ratio: 3.51
Average Property Tax: $3,885
Median Household Income: $39,826
Located in Ocean County, Manchester Township is best known for being the site of the Hindenburg disaster. It deserves to be known for more than that horrific moment in national history, of course; the township is full of colorful attractions and lush greenery. Visit the art galleries of Brooksbrae Terracotta Brick Factory, or work up a sweat jogging along Harry Wright Lake.
7. Winslow Township
Home Price to Income Ratio: 2.78
Average Property Tax: $7,456
Median Household Income: $69,312
Winslow Township is centrally located in Camden County. Home to everything from wildlife refuges to paintball centers, Winslow Township has something for everyone. If you’re looking for a fun weekend outing, visit one of the multiple wineries scattered throughout the township.
8. Willingboro Township
Home Price to Income Ratio: 2.42
Average Property Tax: $5,979
Median Household Income: $68,479
Willingboro Township is located along Rancocas Creek. You’ll find all your urban amenities here including parks, restaurants, and places of worship.
9. Deptford Township
Home Price to Income Ratio: 2.89
Average Property Tax: $6,078
Median Household Income: $67,196
Just west of Gloucester Township, you’ll find Deptford Township. Almonesson Creek Park and Tall Pines State Preserve offer great hiking trails and chances to observe local wildlife in their natural habitat. If you prefer indoor activities, check out the shops of Deptford Mall or learn about local history at the Museum of American History Deptford, NJ.
10. Trenton
Home Price to Income Ratio: 2.71
Average Property Tax: $2,520
Median Household Income: $35,402
Trenton rounds out our list of most affordable cities in New Jersey. As the state’s capital, Trenton is a bustling city with plenty of cultural and adventurous things to do. Brush up on your history of the Battle of Trenton at local museums and monuments dedicated to the small but vital Revolutionary War battle or catch a live show at the Patriots Theater.
Cities with the Best Home Price to Income Ratio
While the list above is sorted by the lowest overall cost of living index, the following cities have the lowest home price to income ratio, meaning you can get more home for your money.
Gloucester Township
Willingboro Township
Pennsauken Township
Other New Jersey Resources
Best Suburbs in Middlesex County, New Jersey
Ready to move to Middlesex County? Read our relocation guide
Top 10 State Parks in New Jersey
The Healthiest States to Live In
New Jersey’s 10 Best Counties to Live In
How to Build a House in New Jersey
Your Guide to Closing Costs in New Jersey
First-Time Homebuyer Programs in New Jersey
Sarah Scott
Sarah graduated from Trinity University in 2012 with a degree in International Relations and Political Science. She writes blogs on new homes, decor, communities, and more for NewHomeSource. When she's not writing, you can find her spending time with her three cats.