Living here
Cost of living in Edison
Housing is more expensive than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$1,885/mo
40% above US
Median home value
$481,700
59% above US
Median household income
$124,388
58% above US
Rent as share of income
18%
US 21%
Home price to income
3.9×
US 3.9×
Sales tax
6.625%
Rent by number of bedrooms
HUD 2027 fair market rents for Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Edison compares
- Edison$1,885
- New Jersey$1,653
- United States$1,348
- Newark$1,330
- Princeton$2,448
- Jersey City$1,902
- Atlantic City$1,084
- Edison$481,700
- New Jersey$427,600
- United States$303,400
- Newark$337,800
- Princeton$1,040,400
- Jersey City$534,500
- Atlantic City$189,600
Taxes
Compare with nearby cities
Questions
Is Edison expensive to live in?
Housing in Edison is more expensive than the national average: median rent is $1,885 (40% above US) and the median home value is $481,700 (59% above US).
How much is rent in Edison?
The median gross rent is $1,885 a month. HUD’s 2027 fair market rents for the area are studio $1,953, 1 bedroom $2,103, 2 bedrooms $2,623, 3 bedrooms $3,125, 4 bedrooms $3,508.
How much of their income do renters spend in Edison?
At the median, a year’s rent ($22,620) equals about 18% of the median household income ($124,388); nationally it’s about 21%.
What are taxes like in Edison?
Sales tax is 6.625% and property taxes run about 2.08% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; NJ Division of Taxation, Sales and Use Tax page (last updated 11/04/2026): 6.625% statewide rate.