Evaluating affordability depends on how the citywide median household income of $97,710 compares against housing costs. The 2024 ACS 5-year median gross rent is $2,007 per month, and the median owner-occupied home value is $566,900. When factoring in a uniform non-housing calculator baseline of $1,250 per month—which is a model assumption rather than a local observation—households near the median income may find varying degrees of financial room. Because these are broad citywide figures, they do not reflect specific neighborhood conditions, asking rents, or individual financial situations.
Jersey City at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $39,084. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 294,078 |
| 2024 ACS median household income | $97,710 |
| 2024 ACS median gross rent | $2,007 |
| 2024 ACS median owner-occupied home value | $566,900 |
| Derived one-way commute estimate | 40 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 25% |
The trade-off
Relative strength: Median household income of $97,710 against a $2,007 median gross rent.. Watch closely: a derived 40-minute one-way commute estimate alongside citywide housing costs..
Compare Jersey City
Frequently asked questions
What is the median household income and population in Jersey City according to the 2024 ACS?
The 2024 ACS 5-year population estimate is 294,078 residents, and the 2024 ACS 5-year median household income is $97,710.
What are the median housing costs in Jersey City based on the 2024 ACS?
The 2024 ACS 5-year median gross rent is $2,007 per month, and the median owner-occupied home value is $566,900. These figures represent citywide data and do not reflect live asking rents or specific neighborhood variations.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.