Cost of Living in Crestwood Village, NJ
Cost of Living in Crestwood Village, NJ has an overall index of 73, 27% below the U.S. baseline of 100. The typical home value is $95,700; typical monthly rent is $1,236; and median household income is $38,396.
Cost index: committed city housing/rent inputs and BEA 2024 state nonmetro price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Typical rent takes a large share of local household income. This describes the local market, not your household.
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Frequently asked questions about Crestwood Village
Living in Crestwood Village
Is Crestwood Village, NJ an affordable place to live?+
Yes — everyday expenses in Crestwood Village run about 27% below the US average (Cost Index: 73). Housing is especially affordable: the median home is valued around $95,700, compared to the $303,400 national median. Monthly rent is $1,236, versus $1,348 nationally.
How does Crestwood Village fit a household housing budget?+
Start with housing. Typical monthly rent is $1,236, while local median household income is $38,396. That implies a rent-burden proxy of about 39% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Crestwood Village, NJ?+
New Jersey uses a progressive model; 10.75% is top marginal-rate context. Applying the 2.47% state-level effective owner-occupied proxy to a home worth $95,700 gives a planning estimate near $2,364 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 6.6%.
How much does it cost to rent in Crestwood Village, NJ?+
The typical monthly rent in Crestwood Village is around $1,236. That's close to the $1,348 national median. For comparison, the median home value here is $95,700, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Crestwood Village, NJ?+
The typical home value in Crestwood Village is $95,700. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $464/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 90% of residents here own their homes.
Are groceries and utilities expensive in Crestwood Village?+
Grocery prices in Crestwood Village are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Crestwood Village, NJ like to live in?+
Crestwood Village is a small town with a population of about 7,951. The median age of residents is 71.5, skewing somewhat older — common in established suburban communities. The local poverty rate is 11.94%, near the national average of 12.4%.