Unaffordable

What Salary Do You Need to Live in Crestwood Village?

To afford a 2-bedroom in Crestwood Village, you need to earn at least $55,840/year based on estimated fair market rent data. The median household income here is $37,214, which means the typical resident is $18,626 below the threshold.

Census ACS Data Pop. 8,479

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$977	$3,257	$39,080	+$1,866
1 Bedroom	$1,159	$3,863	$46,360	+$9,146
2 Bedroom BENCHMARK	$1,396	$4,653	$55,840	+$18,626
3 Bedroom	$1,703	$5,677	$68,120	+$30,906
4 Bedroom	$2,094	$6,980	$83,760	+$46,546

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$37,214

Annual household

2BR Required Salary

$55,840

Under 30% rule

Income Gap

-$18,626

Deficit

Verdict

Unaffordable

Ratio: 45.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Crestwood Village

Your Annual Salary

Pre-filled with Crestwood Village's median household income

Max monthly rent you can afford$930

Studio

$977/mo

1 BR

$1,159/mo

2 BR

$1,396/mo

3 BR

$1,703/mo

4 BR

$2,094/mo

Your salary is $0 above the median income in Crestwood Village.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Crestwood Village

Renting in Crestwood Village is unaffordable for most median earners. The $18,626 income gap means a 2-bedroom at $1,396/month requires significant above-median earnings or a dual-income household to be sustainable.

For those committed to Crestwood Village, the realistic options are: (1) target a studio at $977/month, which requires $39,080/year — closer to the median; (2) find a roommate for a 2-bedroom, cutting individual costs to ~$698/month; or (3) negotiate remote work and live in a more affordable New Jersey city.

To live comfortably in Crestwood Village without financial strain, you realistically need a household income of $83,760 or higher. This isn't just about rent — it accounts for New Jersey's overall cost of living including transportation, food, and healthcare.

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 Crestwood Village, New Jersey.

With a total population of 8,479, the city supports an active civilian workforce of 1,682 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $55,840 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

1,682

Active civilian employees in Crestwood Village

Frequently Asked Questions About Renting in Crestwood Village

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

To afford a 2-bedroom in Crestwood Village under the 30% rule, you need an annual salary of at least $55,840. The median household income in Crestwood Village is $37,214.

Can I afford a 2-bedroom in Crestwood Village on $37,214?

The affordability verdict for Crestwood Village is "Unaffordable". The rent-to-income ratio is 45.0%, meaning there's a $18,626 income gap.

What is the average rent in Crestwood Village compared to median income?

The median gross rent in Crestwood Village is $1,159/month. With a median household income of $37,214, residents spend approximately 45.0% of their income on rent.

What salary do I need for a studio in Crestwood Village?

A studio in Crestwood Village rents for approximately $977/month. Under the 30% rule, you need an annual salary of $39,080 to afford this.

Is Crestwood Village considered an affordable place to live?

Based on the deficit of $18,626 and an affordability verdict of "Unaffordable", Crestwood Village is considered a unaffordable rental market when comparing the required 2-bedroom salary of $55,840 to the local median household income.

How Crestwood Village Compares

Other cities in New Jersey with salary requirements