Key Economic Benchmarks
Median Household Income
$124,884$10,407 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Bergen County, NJ
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Bergen County, NJ
Official FY2026 HUD Fair Market Rents for Bergen-Passaic, NJ HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,778 | $21,336 | $71,120 | 17.1% |
| 1-Bedroom Apartment | $2,024 | $24,288 | $80,960 | 19.4% |
| 2-Bedroom ApartmentBenchmark | $2,324 | $27,888 | $92,960 | 22.3% |
| 3-Bedroom Home | $2,835 | $34,020 | $113,400 | 27.2% |
| 4-Bedroom Home | $3,618 | $43,416 | $144,720 | 34.8% |
50/30/20 Living Budget in Bergen County, NJ
Based on the local median household income of $124,884/year ($10,407/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in New Jersey
Explore net income after federal income tax, FICA, and New Jersey state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across New Jersey with official federal datasets:
Frequently Asked Questions About Living in Bergen County, NJ
What is the median household income in Bergen County, NJ?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Bergen County, NJ is $124,884 per year (approximately $10,407 per month).
What is the average rent in Bergen County, NJ?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Bergen County, NJ are $1,778 for a studio, $2,024 for 1 bedroom, $2,324 for 2 bedrooms, $2,835 for 3 bedrooms, and $3,618 for 4 bedrooms.
How does the cost of living in Bergen County, NJ compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Bergen County, NJ is 112.6 (12.6% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Bergen County, NJ?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($2,324/month) in Bergen County, NJ requires a minimum gross household income of $92,960 per year ($7,747 per month).
What is a balanced 50/30/20 monthly budget in Bergen County, NJ?
For a typical household earning the median income of $124,884/year ($10,407/month) in Bergen County, NJ, a balanced 50/30/20 budget allocates $5,204/month to essential needs (rent, utilities, groceries), $3,122/month to discretionary spending, and $2,081/month to savings and debt repayment.
What are typical electricity and utility costs in Bergen County, NJ?
Residential electricity rates in New Jersey average 25¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $225 per month.