2022 Most Affordable Cities in New Jersey

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