Quick facts: Glassboro, NJ

Quick Facts

112.9
Cost of Living
above US average
23,600
Population
15.55
Crime Rate per 1000
below US average
$78,518
Median Income
below US average
$399,000
Median House Price
above US average
$2913.76
Average Rent
above US average
8%
Poverty Rate
below US average
3.5%
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 $78,518.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $78,518
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Income Needed to Rent

⚠ Stretch
$125k/year
Based on $2913.76/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $125k vs median $78,518
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Glassboro, NJ

Glassboro is a charming borough located in Gloucester County, New Jersey. Known for its rich history and vibrant community, Glassboro has a small-town feel while being conveniently situated near larger metropolitan areas, including Philadelphia. The borough is home to Rowan University, which significantly influences the local culture and economy, making it a hub for education and innovation. The town features beautiful parks, such as the popular Glassboro Park, which offers recreational facilities and spaces for outdoor activities. The historic downtown area boasts a mix of shopping, dining, and entertainment options, where residents and visitors can enjoy local eateries and boutique shops. Glassboro is also known for its annual events, fostering community spirit and engagement, including festivals and farmer's markets. The area is well-connected through major highways and public transportation, making it easy to explore nearby attractions. With a strong sense of community and a focus on education, Glassboro continues to grow and thrive, making it an appealing place to live and visit.

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