In a list of 25 Towns in NJ, Lakewood in Ocean County is number 1 where 12,241 renter households spend 43.3% of their income on rent.
NJ Advance Media analyzed U.S. Census data to determine in which New Jersey towns renters spend the largest percentage of their household income on rent, or where the rent burden is highest.
“In New Jersey, residents spend a median of 31.8 percent of their household income on rent, the seventh highest in the nation.” This does not mean that rents are higher in these towns than other places. The list of 25 towns is made up of towns where the rent is high and renter households do not make enough income to have more than 65% of their income left over to pay for necessities and other important expenses.
The top five towns in New Jersey where renters spend the highest percentage of their income on rent are:
Lakewood in Ocean County where 12,241 renter households spend 43.3% of their income on rent
Roselle in Union County where 3,881 renter households spend 41.6% of their income on rent
New Brunswick in Middlesex County where 11,624 renter households spend 40.4% of their income on rent
Passaic in Passaic County where 14,843 renter households spend 40% of their income on rent
Paterson in Passaic County where 32,284 renter households spend 39.5% of their income on rent
So many renters but Menasha Miller Meir Lichtenstein and Ray Coles Abolished the Rent Control board
ReplyDeleteI’m a renter too. I don’t own the house I live in. So I understand what tenants go through in order to pay their monthly rents. And my decision to abolish the board was taken for no other reason than to protect the tenants of this town. In fact, a well known westgate landlord contacted me to reinstate the rent control board, but I stood up to his pressure and refused. Please believe me.
DeleteThe numbers don't add up. Let's assume someone pays $2,000 in rent, if that is 40% of the income, how do they pay any tuition, let alone food, car ins.?
ReplyDeletethere are a lot of younger people in lakewood who have lower incomes and don't have large tuition or food expenses yet.
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