Quick facts: Marlboro, NJ

Quick Facts

112.9
Cost of Living
above US average
41,480
Population
12.01
Crime Rate per 1000
below US average
$170,357
Median Income
above US average
$849,000
Median House Price
above US average
$4493.53
Average Rent
above US average
5%
Poverty Rate
below US average
3.0%
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 $170,357.

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Income Needed to Buy

βœ— Stretch
$266k/year
Based on $849,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $266k vs median $170,357
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Income Needed to Rent

⚠ Stretch
$193k/year
Based on $4493.53/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $193k vs median $170,357
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marlboro, NJ

Marlboro, located in Monmouth County, New Jersey, is a suburban township known for its family-friendly atmosphere, excellent schools, and beautiful parks. With a population of around 40,000 residents, Marlboro offers a blend of residential areas and commercial centers, providing a peaceful yet vibrant community environment. The township boasts various recreational facilities, including parks like the Marlboro Recreation Center, where residents can enjoy sports, playgrounds, and walking trails. It also features the picturesque Kuser Farm Park, a scenic spot ideal for picnics and outdoor activities. Marlboro's location provides easy access to major highways, making commuting to New York City and other nearby urban areas convenient. The local economy is supported by a mix of small businesses and larger retail outlets, catering to diverse shopping needs. Education is a priority in Marlboro, with highly-rated public schools serving the community. The township is also known for its cultural diversity, hosting various community events throughout the year that foster a sense of belonging among residents. Overall, Marlboro is a desirable place to live, work, and raise a family.

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