Can A Carpenter Afford Rent in Lakewood, NJ?
Stretched but workable — rent takes 35.5% of gross income.
Lakewood rent: June 2026. Salary: BLS OEWS May 2024 (New Jersey state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These New Jersey cities have lower median rent than Lakewood, which improves the affordability math on a carpenter salary:
Compare with full rent data for Lakewood
View full rent data for Lakewood, NJ →Frequently asked questions
Can a carpenter afford rent in Lakewood, NJ?
Median rent in Lakewood is $2,021 a month. A typical carpenter in New Jersey earns about $68,253 a year, which makes that rent 35.5% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a carpenter afford in Lakewood?
Using the 30% rule, a carpenter salary in New Jersey (~$68,253/yr) supports up to $1,706 a month in rent. Lakewood's current median rent is $2,021/mo, which is $315/mo over the affordability threshold.
How many hours does a carpenter work to cover rent in Lakewood?
At an hourly equivalent of about $33 an hour, a carpenter in New Jersey works roughly 61.6 hours a month to cover Lakewood's median rent of $2,021.
Where is rent cheaper than Lakewood for a carpenter?
Nearby New Jersey cities with lower median rent include Paterson ($2,020/mo), Vineland ($2,018/mo), Woodbury ($2,017/mo). Each shifts the affordability math materially on a carpenter salary.