What Share of Median Income Goes to Housing in NJ in 2025?

New Jersey ranked No. 15 in a national study of states with the highest housing costs.
Housing expenses in New Jersey take up 28.03% of the median monthly income.
This may surprise residents, as home prices have surged since the COVID-19 pandemic began.
Many prospective homeowners have been impacted by rising prices and fluctuating interest rates.
The ranking considered mortgage payments, rent, and home energy costs to assess housing burden.