Affordable

What Salary Do You Need to Live in Colonia?

To afford a 2-bedroom in Colonia, you need to earn at least $88,440/year based on estimated fair market rent data. The median household income here is $129,122, which means the typical resident is $40,682 above the threshold.

Census ACS Data Pop. 18,581

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,548	$5,160	$61,920	$-67,202
1 Bedroom	$1,835	$6,117	$73,400	$-55,722
2 Bedroom BENCHMARK	$2,211	$7,370	$88,440	$-40,682
3 Bedroom	$2,697	$8,990	$107,880	$-21,242
4 Bedroom	$3,317	$11,057	$132,680	+$3,558

Affordability Breakdown

Where the required salary line crosses above Colonia's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$129,122

Annual household

2BR Required Salary

$88,440

Under 30% rule

Income Gap

+$40,682

Surplus

Verdict

Affordable

Ratio: 20.5%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Colonia

Your Annual Salary

Pre-filled with Colonia's median household income

Max monthly rent you can afford$3,228

Studio

$1,548/mo

1 BR

$1,835/mo

2 BR

$2,211/mo

3 BR

$2,697/mo

4 BR

$3,317/mo

Your salary is $0 above the median income in Colonia.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Colonia's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Colonia

Colonia, New Jersey stands out as one of the more financially accessible housing markets in the state. The median household income of $129,122 significantly exceeds the $88,440 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $40,682 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Colonia, a studio at $1,548/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,697/month remains accessible for dual-income households earning above $107,880.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $132,660 would position you well — though many residents in Colonia manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Colonia, New Jersey.

With a total population of 18,581, the city supports an active civilian workforce of 9,547 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $88,440 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

9,547

Active civilian employees in Colonia

Frequently Asked Questions About Renting in Colonia

What salary do I need to live in Colonia, New Jersey?

To afford a 2-bedroom in Colonia under the 30% rule, you need an annual salary of at least $88,440. The median household income in Colonia is $129,122.

Can I afford a 2-bedroom in Colonia on $129,122?

The affordability verdict for Colonia is "Affordable". The rent-to-income ratio is 20.5%, meaning median earners have a $40,682 surplus.

What is the average rent in Colonia compared to median income?

The median gross rent in Colonia is $1,835/month. With a median household income of $129,122, residents spend approximately 20.5% of their income on rent.

What salary do I need for a studio in Colonia?

A studio in Colonia rents for approximately $1,548/month. Under the 30% rule, you need an annual salary of $61,920 to afford this.

Is Colonia considered an affordable place to live?

Based on the surplus of $40,682 and an affordability verdict of "Affordable", Colonia is considered a affordable rental market when comparing the required 2-bedroom salary of $88,440 to the local median household income.

How Colonia Compares

Other cities in New Jersey with salary requirements