Affordable

What Salary Do You Need to Live in Medford Lakes?

To afford a 2-bedroom in Medford Lakes, you need to earn at least $81,200/year based on estimated fair market rent data. The median household income here is $139,879, which means the typical resident is $58,679 above the threshold.

Census ACS Data Pop. 4,263

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,421	$4,737	$56,840	$-83,039
1 Bedroom	$1,685	$5,617	$67,400	$-72,479
2 Bedroom BENCHMARK	$2,030	$6,767	$81,200	$-58,679
3 Bedroom	$2,477	$8,257	$99,080	$-40,799
4 Bedroom	$3,045	$10,150	$121,800	$-18,079

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$139,879

Annual household

2BR Required Salary

$81,200

Under 30% rule

Income Gap

+$58,679

Surplus

Verdict

Affordable

Ratio: 17.4%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Medford Lakes

Your Annual Salary

Pre-filled with Medford Lakes's median household income

Max monthly rent you can afford$3,497

Studio

$1,421/mo

1 BR

$1,685/mo

2 BR

$2,030/mo

3 BR

$2,477/mo

4 BR

$3,045/mo

Your salary is $0 above the median income in Medford Lakes.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Medford Lakes

Medford Lakes, New Jersey stands out as one of the more financially accessible housing markets in the state. The median household income of $139,879 significantly exceeds the $81,200 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $58,679 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Medford Lakes, a studio at $1,421/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,477/month remains accessible for dual-income households earning above $99,080.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $121,800 would position you well — though many residents in Medford Lakes 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 Medford Lakes, New Jersey.

With a total population of 4,263, the city supports an active civilian workforce of 2,092 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $81,200 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

2,092

Active civilian employees in Medford Lakes

Frequently Asked Questions About Renting in Medford Lakes

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

To afford a 2-bedroom in Medford Lakes under the 30% rule, you need an annual salary of at least $81,200. The median household income in Medford Lakes is $139,879.

Can I afford a 2-bedroom in Medford Lakes on $139,879?

The affordability verdict for Medford Lakes is "Affordable". The rent-to-income ratio is 17.4%, meaning median earners have a $58,679 surplus.

What is the average rent in Medford Lakes compared to median income?

The median gross rent in Medford Lakes is $1,685/month. With a median household income of $139,879, residents spend approximately 17.4% of their income on rent.

What salary do I need for a studio in Medford Lakes?

A studio in Medford Lakes rents for approximately $1,421/month. Under the 30% rule, you need an annual salary of $56,840 to afford this.

Is Medford Lakes considered an affordable place to live?

Based on the surplus of $58,679 and an affordability verdict of "Affordable", Medford Lakes is considered a affordable rental market when comparing the required 2-bedroom salary of $81,200 to the local median household income.

How Medford Lakes Compares

Other cities in New Jersey with salary requirements