Quick facts: South river, NJ

Quick Facts

112.9
Cost of Living
above US average
15,990
Population
6.94
Crime Rate per 1000
below US average
$95,981
Median Income
above US average
$485,000
Median House Price
above US average
$3187.5
Average Rent
above US average
8%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $95,981.

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Income Needed to Buy

βœ— Stretch
$152k/year
Based on $485,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $152k vs median $95,981
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Income Needed to Rent

⚠ Stretch
$137k/year
Based on $3187.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $137k vs median $95,981
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South river, NJ

South River is a charming borough located in Middlesex County, New Jersey. Known for its small-town vibe, South River offers a close-knit community atmosphere while being conveniently situated near larger urban areas. The borough is bordered by the Raritan River, providing residents with picturesque waterfront views and recreational opportunities. With a history dating back to the early 1700s, South River boasts a rich cultural heritage, evident in its historic buildings and local events. The borough features various parks and green spaces, such as the popular South River Park, offering playgrounds, sports fields, and walking trails for outdoor enthusiasts. South River is well-connected to neighboring cities, such as New Brunswick and Perth Amboy, offering easy access to shopping, dining, and entertainment. The local schools are part of the South River School District, known for its commitment to academic excellence. The community hosts various events throughout the year, fostering a spirit of togetherness among residents. Overall, South River is an inviting place that blends history, community, and convenience, making it a great place to live and visit.

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