Quick facts: Old bridge, NJ

Quick Facts

112.9
Cost of Living
above US average
28,094
Population
9.15
Crime Rate per 1000
below US average
$104,712
Median Income
above US average
$615,000
Median House Price
above US average
$3351.6
Average Rent
above US average
5%
Poverty Rate
below US average
4.1%
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 $104,712.

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Income Needed to Buy

βœ— Stretch
$193k/year
Based on $615,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $193k vs median $104,712
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Income Needed to Rent

⚠ Stretch
$144k/year
Based on $3351.6/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $144k vs median $104,712
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Old bridge, NJ

Old Bridge is a township located in Middlesex County, New Jersey. It is situated within the Raritan Bay region and is known for its suburban character, blending residential neighborhoods with green spaces. This area has a rich history dating back to its roots in the early 18th century, when it was primarily agricultural. Today, Old Bridge is a vibrant community with a population of over 65,000 residents. The township offers various recreational facilities, parks, and community events, making it a family-friendly environment. Notable spots include the Old Bridge Township Raceway Park, which hosts motorsports events, and various parks such as the Cheesequake State Park, which provides hiking trails and picnic areas. Old Bridge is conveniently located near major highways, making it easy for residents to commute to New York City and other parts of New Jersey. The township also emphasizes education and has several public schools serving the community, contributing to its appeal for families. With a blend of suburban living and access to urban amenities, Old Bridge embodies a welcoming community spirit.

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