Quick facts: Berlin, NJ

Quick Facts

112.9
Cost of Living
above US average
7,506
Population
17.72
Crime Rate per 1000
below US average
$98,706
Median Income
above US average
$410,000
Median House Price
above US average
$2565.38
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
Unemployment Rate
below 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 $98,706.

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Income Needed to Buy

βœ— Stretch
$129k/year
Based on $410,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $129k vs median $98,706
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Income Needed to Rent

⚠ Stretch
$110k/year
Based on $2565.38/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $110k vs median $98,706
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Berlin, NJ

Berlin, New Jersey, is a small suburban town located in Camden County, approximately 18 miles east of Philadelphia. With a population of around 7,500 residents, Berlin offers a quaint, close-knit community atmosphere. The town is characterized by its charming neighborhoods, local parks, and a blend of modern amenities alongside historical sites. One of the town's notable features is its commitment to preserving green spaces, offering residents opportunities for outdoor activities, such as walking, cycling, and picnicking. The Berlin Farmer's Market, held regularly, showcases local produce and crafts, fostering community engagement and supporting local businesses. Education in Berlin is served by the Berlin Township School District, which caters to elementary and middle school students, while high school students attend nearby institutions. The town also benefits from its proximity to major highways, making commuting to Philadelphia and surrounding areas convenient. Culturally, Berlin hosts various events throughout the year, emphasizing its tight-knit community spirit. Overall, Berlin, NJ, blends small-town charm with easy access to urban amenities, making it an appealing place to live and work.

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