Can A Real Estate Agent Afford Rent in Medford Township, NJ?
Rent-burdened — rent takes 47.2% of gross income.
Medford Township rent: June 2026. Salary: BLS OEWS May 2024 (New Jersey state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These New Jersey cities have lower median rent than Medford Township, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Medford Township
View full rent data for Medford Township, NJ →Frequently asked questions
Can a real estate agent afford rent in Medford Township, NJ?
Median rent in Medford Township is $2,892 a month. A typical real estate agent in New Jersey earns about $73,450 a year, which makes that rent 47.2% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a real estate agent afford in Medford Township?
Using the 30% rule, a real estate agent salary in New Jersey (~$73,450/yr) supports up to $1,836 a month in rent. Medford Township's current median rent is $2,892/mo, which is $1,056/mo over the affordability threshold.
How many hours does a real estate agent work to cover rent in Medford Township?
At an hourly equivalent of about $35 an hour, a real estate agent in New Jersey works roughly 81.9 hours a month to cover Medford Township's median rent of $2,892.
Where is rent cheaper than Medford Township for a real estate agent?
Nearby New Jersey cities with lower median rent include Oakhurst ($2,891/mo), Montclair ($2,891/mo), Cranford ($2,891/mo). Each shifts the affordability math materially on a real estate agent salary.