Housing in Salem County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Salem County averages $1,253/month for a 2‑bedroom in 2024, compared to the New Jersey median of $1,720 and the national median of $1,413. Local renters spend approximately 33% of household income on rent, above the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Salem County FMR Area are $1,516 for a studio, $1,650 for 1‑bedroom, $1,964 for 2‑bedroom, $2,355 for 3‑bedroom, and $2,629 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $711 increase for a 2-bedroom in Salem County shows a 57% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Salem County was 5.9% in 2024, compared to New Jersey at 4.5% and the national rate of 4.0%.

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Towns near Penns Grove

City
County
State
Miles
Salem
NJ
0.0
Salem
NJ
2.5
Salem
NJ
4.9
Salem
NJ
7.1
Salem
NJ
8.5
Salem
NJ
10.1
Salem
NJ
10.2
Salem
NJ
10.8
Salem
NJ
12.3
Salem
NJ
19.6
Salem
NJ
25.3

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