Cost of Living in Garfield, NJ
Population: 32,502 • 2026 Data
$75,701
Median Household Income
-2% vs national
$1,612
Median Monthly Rent
+20% vs national
$454,300
Median Home Value
+34% vs national
5.6%
Unemployment Rate
Housing in Garfield
The median home value in Garfield, NJ is $454,300. Monthly rent for a typical unit averages $1,612, while total monthly housing costs (including utilities and insurance) average $1,693.
Rent-to-income ratio: 25.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Garfield, NJ is $75,701. The unemployment rate stands at 5.6%, with a labor force of 17,807 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.