Quick facts: Plainsboro, NJ

Quick Facts

112.9
Cost of Living
above US average
23,974
Population
6.55
Crime Rate per 1000
below US average
$120,791
Median Income
above US average
$699,000
Median House Price
above US average
$2743.15
Average Rent
above US average
4%
Poverty Rate
below US average
3.2%
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 $120,791.

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Income Needed to Buy

βœ— Stretch
$219k/year
Based on $699,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $219k vs median $120,791
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Income Needed to Rent

βœ“ Affordable
$118k/year
Based on $2743.15/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($120,791) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Plainsboro, NJ

Plainsboro is a township located in Middlesex County, New Jersey. It is situated in the western part of the county, adjacent to the more populous city of Princeton. The township covers an area of approximately 6.5 square miles and is known for its suburban charm, providing a mix of residential neighborhoods and green spaces. Plainsboro offers a high quality of life with many parks, walking trails, and recreational facilities. The community is served by the West Windsor-Plainsboro Regional School District, which is known for its strong educational programs and high academic standards. One of the township's notable features is the Plainsboro Preserve, a natural area that includes wetlands, forests, and open fields, providing opportunities for hiking, bird-watching, and enjoying nature. The township is also home to a diverse population and a variety of cultural and dining experiences. Located near major highways, Plainsboro provides easy access to larger cities such as New Brunswick and Philadelphia, making it a desirable location for both commuting professionals and families seeking a peaceful community with convenient amenities.

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