Cost of Living in Hoboken, NJ
Population: 58,340 • 2026 Data
$176,943
Median Household Income
+129% vs national
$2,819
Median Monthly Rent
+109% vs national
$872,100
Median Home Value
+157% vs national
3.4%
Unemployment Rate
Housing in Hoboken
The median home value in Hoboken, NJ is $872,100. Monthly rent for a typical unit averages $2,819, while total monthly housing costs (including utilities and insurance) average $3,082.
Rent-to-income ratio: 19.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Hoboken, NJ is $176,943. The unemployment rate stands at 3.4%, with a labor force of 40,971 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.