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Report: N.J. is the fifth-most expensive place to rent in the U.S.

Source: ROI-NJ · Jul 24, 2026, 5:00 AM

AI-assisted briefing from the publisher’s public headline and excerpt — not original reporting. How we write briefings

Report: N.J. is the fifth-most expensive place to rent in the U.S. news image

New Jersey ranks as the fifth-most expensive place to rent in the United States, according to the National Low Income Housing Coalition's 2026 Housing Wage report released in July.

Full-time workers must earn $43.89 per hour to afford a two-bedroom home at Fair Market Rent in the state, highlighting the persistent affordability crisis facing New Jersey renters and workers.

Key points

  • New Jersey is the fifth-most expensive rental market in the U.S.
  • Full-time workers need to earn $43.89 per hour to afford a two-bedroom rental at Fair Market Rent
  • The data comes from the 2026 Housing Wage report by the National Low Income Housing Coalition
  • Housing affordability remains a critical challenge for New Jersey workers and renters

FAQ

What is the 2026 Housing Wage for New Jersey?
According to the National Low Income Housing Coalition's report, full-time workers in New Jersey need to earn $43.89 per hour to afford a two-bedroom home at Fair Market Rent.
Where does New Jersey rank nationally for rental costs?
New Jersey ranks as the fifth-most expensive place to rent in the entire United States.
Who published this housing affordability report?
The report was published jointly by the National Low Income Housing Coalition (NLIHC) and the Housing and Community Development Network on July 23.

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