Quick facts: Malaga, NJ

Quick Facts

112.9
Cost of Living
above US average
Population data is updating, will be available soon
Crime rate Data is updating, will be available soon
Media income Data is updating, will be available soon
$129,000
Median House Price
above US average
$2586
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $0.

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Income Needed to Buy

βœ— Stretch
$40k/year
Based on $129,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $40k vs median $0
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Income Needed to Rent

⚠ Stretch
$111k/year
Based on $2586/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $111k vs median $0
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Malaga, NJ

Malaga is a small, unincorporated community located within the municipality of Monroe Township in Gloucester County, New Jersey. Nestled in the heart of the Garden State, Malaga is characterized by its rural charm and close-knit community atmosphere. The area features a mix of residential homes, farms, and open spaces, making it a peaceful retreat from the hustle and bustle of city life. The community is known for its residential neighborhoods and the scenic beauty of the surrounding countryside, with opportunities for outdoor activities such as hiking and horseback riding. While Malaga itself is primarily a residential area, it is conveniently located near major highways, providing easy access to larger towns and cities such as Vineland and Glassboro, where residents can find shopping, dining, and entertainment options. The local educational institutions are part of Monroe Township, and the area maintains a strong sense of community pride, with various events and gatherings taking place throughout the year. Overall, Malaga offers a quiet, suburban lifestyle with a friendly atmosphere, making it an appealing place for families and individuals seeking a slower pace of life.

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