Affordable

What Salary Do You Need to Live in Ledgewood?

To afford a 2-bedroom in Ledgewood, you need to earn at least $83,040/year based on estimated fair market rent data. The median household income here is $109,185, which means the typical resident is $26,145 above the threshold.

Census ACS Data Pop. 5,110

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,453	$4,843	$58,120	$-51,065
1 Bedroom	$1,723	$5,743	$68,920	$-40,265
2 Bedroom BENCHMARK	$2,076	$6,920	$83,040	$-26,145
3 Bedroom	$2,533	$8,443	$101,320	$-7,865
4 Bedroom	$3,114	$10,380	$124,560	+$15,375

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$109,185

Annual household

2BR Required Salary

$83,040

Under 30% rule

Income Gap

+$26,145

Surplus

Verdict

Affordable

Ratio: 22.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Ledgewood's median household income

Max monthly rent you can afford$2,730

Studio

$1,453/mo

1 BR

$1,723/mo

2 BR

$2,076/mo

3 BR

$2,533/mo

4 BR

$3,114/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Ledgewood

Ledgewood, New Jersey stands out as one of the more financially accessible housing markets in the state. The median household income of $109,185 significantly exceeds the $83,040 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $26,145 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Ledgewood, a studio at $1,453/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,533/month remains accessible for dual-income households earning above $101,320.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $124,560 would position you well — though many residents in Ledgewood 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 Ledgewood, New Jersey.

With a total population of 5,110, the city supports an active civilian workforce of 2,540 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $83,040 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

2,540

Active civilian employees in Ledgewood

Frequently Asked Questions About Renting in Ledgewood

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

To afford a 2-bedroom in Ledgewood under the 30% rule, you need an annual salary of at least $83,040. The median household income in Ledgewood is $109,185.

Can I afford a 2-bedroom in Ledgewood on $109,185?

The affordability verdict for Ledgewood is "Affordable". The rent-to-income ratio is 22.8%, meaning median earners have a $26,145 surplus.

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

The median gross rent in Ledgewood is $1,723/month. With a median household income of $109,185, residents spend approximately 22.8% of their income on rent.

What salary do I need for a studio in Ledgewood?

A studio in Ledgewood rents for approximately $1,453/month. Under the 30% rule, you need an annual salary of $58,120 to afford this.

Is Ledgewood considered an affordable place to live?

Based on the surplus of $26,145 and an affordability verdict of "Affordable", Ledgewood is considered a affordable rental market when comparing the required 2-bedroom salary of $83,040 to the local median household income.

How Ledgewood Compares

Other cities in New Jersey with salary requirements