Out of Reach

Out of Reach:

Rental Housing At What Cost?

October, 1998

New Jersey

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State and Metro Area Data

									Income Needed to Afford FMR						Estimated % Renters unable to afford FMR		Hourly Wage Needed to Afford		Percent of Federal Minimum Wage (@$5.15)		Work Hours/week Necessary at Minimum Wage
		FAIR MARKET RENTS BY NUMBER OF BEDROOMS							Amount		Percent of AMI		Estimated % of Renter median
	1990 RENTER HOUSEHOLDS	Zero	One	Two	Three	Four	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom
New Jersey	981,065	$ 563	$ 684	$ 829	$ 1,073	$ 1,293	$ 60,486	$ 41,253	$ 27,375	$ 33,146	45%	55%	66%	80%	35%	41%	$ 13.16	$ 15.94	256%	309%	102	124	New Jersey
METRO AREA																							METRO AREA
Atlantic-Cape May, NJ	40,705	$ 476	$ 541	$ 721	$ 903	$ 1,032	$ 46,700	$ 35,374	$ 21,640	$ 28,840	46%	62%	61%	82%	32%	41%	$ 10.40	$ 13.87	202%	269%	81	108	Atlantic-Cape May, NJ
Bergen-Passaic, NJ	167,704	$ 637	$ 776	$ 910	$ 1,213	$ 1,496	$ 67,000	$ 44,841	$ 31,040	$ 36,400	46%	54%	69%	81%	37%	41%	$ 14.92	$ 17.50	290%	340%	116	136	Bergen-Passaic, NJ
Jersey City, NJ	140,902	$ 582	$ 687	$ 800	$ 1,016	$ 1,119	$ 47,700	$ 38,900	$ 27,480	$ 32,000	58%	67%	71%	82%	37%	43%	$ 13.21	$ 15.38	257%	299%	103	119	Jersey City, NJ
Middlesex-Somerset-Hunterdon, NJ	106,848	$ 679	$ 744	$ 929	$ 1,262	$ 1,457	$ 72,900	$ 49,041	$ 29,760	$ 37,160	41%	51%	61%	76%	32%	39%	$ 14.31	$ 17.87	278%	347%	111	139	Middlesex-Somerset-Hunterdon, NJ
Monmouth-Ocean, NJ	82,728	$ 560	$ 671	$ 851	$ 1,131	$ 1,326	$ 57,700	$ 37,851	$ 26,840	$ 34,040	47%	59%	71%	90%	38%	45%	$ 12.90	$ 16.37	251%	318%	100	127	Monmouth-Ocean, NJ
Newark, NJ	276,869	$ 539	$ 688	$ 829	$ 1,044	$ 1,320	$ 64,700	$ 43,100	$ 27,500	$ 33,200	43%	51%	64%	77%	34%	40%	$ 13.22	$ 15.96	257%	310%	103	124	Newark, NJ
Trenton, NJ	39,123	$ 462	$ 644	$ 784	$ 1,062	$ 1,282	$ 63,000	$ 40,700	$ 25,800	$ 31,400	41%	50%	63%	77%	33%	40%	$ 12.40	$ 15.10	241%	293%	96	117	Trenton, NJ
Vineland-Millville-Bridgeton, NJ	14,819	$ 459	$ 559	$ 675	$ 841	$ 945	$ 43,900	$ 30,200	$ 22,400	$ 27,000	51%	62%	74%	89%	39%	45%	$ 10.77	$ 12.98	209%	252%	84	101	Vineland-Millville-Bridgeton, NJ

County Data

					Income Needed to Afford FMR						Estimated % Renters unable to afford FMR
					Amount		Percent of AMI		Estimated % of Renter median
County	Metro Area	Renter Households, 1990	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	County
Atlantic County	Atlantic-Cape May,	30,091	$ 46,700	$ 34,800	$ 21,640	$ 28,840	46%	62%	62%	83%	33%	43%	Atlantic County
Bergen County	Bergen-Passaic, NJ	99,073	$ 67,000	$ 43,900	$ 31,040	$ 36,400	46%	54%	71%	83%	37%	43%	Bergen County
Burlington County	Philadelphia, PA-N	33,660	$ 52,900	$ 34,700	$ 22,800	$ 28,160	43%	53%	66%	81%	35%	41%	Burlington County
Camden County	Philadelphia, PA-N	54,054	$ 52,900	$ 32,600	$ 22,800	$ 28,160	43%	53%	70%	86%	37%	44%	Camden County
Cape May County	Atlantic-Cape May,	10,614	$ 46,700	$ 37,000	$ 21,640	$ 28,840	46%	62%	58%	78%	31%	41%	Cape May County
Cumberland County	Vineland-Millville	14,819	$ 43,900	$ 30,200	$ 22,360	$ 27,000	51%	62%	74%	89%	39%	45%	Cumberland County
Essex County	Newark, NJ	152,407	$ 64,700	$ 44,300	$ 27,520	$ 33,160	43%	51%	62%	75%	33%	39%	Essex County
Gloucester County	Philadelphia, PA-N	17,057	$ 52,900	$ 31,800	$ 22,800	$ 28,160	43%	53%	72%	89%	38%	45%	Gloucester County
Hudson County	Jersey City, NJ	140,902	$ 47,700	$ 38,900	$ 27,480	$ 32,000	58%	67%	71%	82%	37%	43%	Hudson County
Hunterdon County	Middlesex-Somerset	7,379	$ 72,900	$ 44,100	$ 29,760	$ 37,160	41%	51%	67%	84%	35%	43%	Hunterdon County
Mercer County	Trenton, NJ	39,123	$ 63,000	$ 40,700	$ 25,760	$ 31,360	41%	50%	63%	77%	33%	40%	Mercer County
Middlesex County	Middlesex-Somerset	77,828	$ 72,900	$ 50,800	$ 29,760	$ 37,160	41%	51%	59%	73%	31%	39%	Middlesex County
Monmouth County	Monmouth-Ocean, NJ	53,998	$ 57,700	$ 34,100	$ 26,840	$ 34,040	47%	59%	79%	100%	41%	50%	Monmouth County
Morris County	Newark, NJ	38,659	$ 64,700	$ 40,300	$ 27,520	$ 33,160	43%	51%	68%	82%	37%	43%	Morris County
Ocean County	Monmouth-Ocean, NJ	28,730	$ 57,700	$ 44,900	$ 26,840	$ 34,040	47%	59%	60%	76%	32%	39%	Ocean County
Passaic County	Bergen-Passaic, NJ	68,631	$ 67,000	$ 46,200	$ 31,040	$ 36,400	46%	54%	67%	79%	35%	41%	Passaic County
Salem County	Philadelphia, PA-N	6,596	$ 52,900	$ 32,200	$ 22,800	$ 28,160	43%	53%	71%	87%	37%	45%	Salem County
Somerset County	Middlesex-Somerset	21,641	$ 72,900	$ 44,400	$ 29,760	$ 37,160	41%	51%	67%	84%	35%	43%	Somerset County
Sussex County	Newark, NJ	7,882	$ 64,700	$ 38,400	$ 27,520	$ 33,160	43%	51%	72%	86%	38%	44%	Sussex County
Union County	Newark, NJ	67,568	$ 64,700	$ 43,100	$ 27,520	$ 33,160	43%	51%	64%	77%	34%	40%	Union County
Warren County	Newark, NJ	10,353	$ 64,700	$ 39,600	$ 27,520	$ 33,160	43%	51%	69%	84%	37%	43%	Warren County

Click here to download a (Microsoft Excel 97) spreadsheet of these tables.

NOTES:

FMR = Fair Market Rent
AMI = Area Median Income, determined by HUD
HUD = Department of Housing and Urban Development
EST RTR MEDIAN = 1998 Estimated Renter Median Income, based on 1990 renter median income as percent of household median income
Income Needed to Afford = Affordability is based on the official 30%-of-income standard used in federal housing subsidy programs.
% Unable to Afford = percent ofrenter population whomust pay more than 30% of income for rent.
Wage calculations are based on a 40 hour week for 52 weeks per year.
The federal minimum wage is $5.15/hour.
Rows are shaded for navigational purposes only.

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