How much rent can you afford in Englewood, NJ?
Run your salary against Englewood's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Englewood
At a median rent of $2,999/mo, Englewood is moderately stretched when measured against Englewood median household income of $102,571/yr. Rent would consume roughly 35% of pre-tax income, and a salary of about $119,960 keeps rent at the recommended 30% threshold.
How Englewood compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Englewood?
On a $102,571 salary (the Englewood median household income), the recommended ceiling is 30% of pre-tax income, or about $2,564/mo. Englewood's median rent is $2,999/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Englewood?
To keep Englewood's $2,999/mo median rent under 30% of income, you'd need about $119,960/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Englewood affordable on the median New Jersey income?
Englewood is moderately stretched on a $102,571 income. Rent would take 35% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".