Quick facts: Kearny, NJ

Quick Facts

112.9
Cost of Living
above US average
39,862
Population
22.93
Crime Rate per 1000
below US average
$81,307
Median Income
above US average
$599,000
Median House Price
above US average
$2502.95
Average Rent
above US average
11%
Poverty Rate
above US average
5.2%
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 $81,307.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $81,307
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Income Needed to Rent

⚠ Stretch
$107k/year
Based on $2502.95/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $107k vs median $81,307
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kearny, NJ

Kearny, New Jersey, is a vibrant town located in Hudson County, just a few miles west of Manhattan. Known for its diverse community, Kearny offers a mix of residential and commercial areas, making it an appealing place for families and businesses alike. The town is easily accessible via public transportation, including NJ Transit rail service and several bus routes, which connect residents to New York City and other surrounding areas. Kearny is characterized by its rich history, with roots dating back to the 17th century. The town features a variety of recreational parks, such as the Kearny Marsh and the Frank D. Conwidow Park, providing residents with outdoor activities and green spaces. Kearny's vibrant downtown area includes a variety of shops, restaurants, and local businesses, reflecting the community's multicultural background. Education is a priority in Kearny, with several public and private schools serving the community. The town is also known for its tight-knit community feel, where residents often participate in local events and festivals. Overall, Kearny offers a unique blend of urban liveliness and suburban comfort, making it an attractive place to live and work.

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