Cost of Living in Belvidere, NJ

With a cost of living index of 87, Belvidere, NJ is a very affordable place to live. Living here is 13% cheaper than the national average and 41% below the New Jersey state average of 128. Belvidere is a small community of 2,526 residents.

Housing costs are the biggest factor in Belvidere's cost of living. The median monthly rent is $997 (24% below the US median of $1,319), and the median home value sits at $269,200 (12% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Belvidere is $100,334, which is 34% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Allentown-Bethlehem-Easton, PA-NJ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.