Can A Carpenter Afford Rent in Madison, NJ?
Rent-burdened — rent takes 59% of gross income.
Madison 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 Madison, which improves the affordability math on a carpenter salary:
Compare with full rent data for Madison
View full rent data for Madison, NJ →Frequently asked questions
Can a carpenter afford rent in Madison, NJ?
Median rent in Madison is $3,354 a month. A typical carpenter in New Jersey earns about $68,253 a year, which makes that rent 59% 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 Madison?
Using the 30% rule, a carpenter salary in New Jersey (~$68,253/yr) supports up to $1,706 a month in rent. Madison's current median rent is $3,354/mo, which is $1,648/mo over the affordability threshold.
How many hours does a carpenter work to cover rent in Madison?
At an hourly equivalent of about $33 an hour, a carpenter in New Jersey works roughly 102.2 hours a month to cover Madison's median rent of $3,354.
Where is rent cheaper than Madison for a carpenter?
Nearby New Jersey cities with lower median rent include Park Ridge ($3,353/mo), Morganville ($3,352/mo), Montvale ($3,351/mo). Each shifts the affordability math materially on a carpenter salary.