How many renters in Preakness, NJ pay more than 30% of their income on rent?
51.5% (±11.7 points) of renting households in Preakness, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
40.9% spend 35% or more.
The median renting household spends 30.7% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 51.5% (±11.7 points)
- Paying 35% or more
- 40.9% (±10.1 points)
- Median share of income
- 30.7% (±4.1 points)
Rent as a share of income in Preakness
| Share of income spent on rent | Preakness | Passaic County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 13.4% (±7.3 points) | 11.8% | 12.2% | 12.6% |
| 15% to 19.9% | 8.9% (±5.6 points) | 10.9% | 12.3% | 12.2% |
| 20% to 24.9% | 9.0% (±4.6 points) | 11.8% | 12.6% | 12.6% |
| 25% to 29.9% | 17.3% (±8.3 points) | 8.4% | 11.4% | 11.5% |
| 30% to 34.9% | 10.6% (±5.9 points) | 8.6% | 8.9% | 9.2% |
| 35% or more | 40.9% (±10.1 points) | 48.4% | 42.7% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Preakness against Passaic County, its state and the nation
| Preakness | Passaic County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 51.5% (±11.7 points) | 57.0% (±1.8 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 40.9% (±10.1 points) | 48.4% (±1.6 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 30.7% (±4.1 points) | 34.1% (±0.9 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $70,625 (±$14,249) | $51,907 (±$1,513) | $62,674 (±$718) | $52,966 |
| Median gross rent | $1,918 (±$187) | $1,621 (±$17) | $1,720 (±$7) | $1,413 |
In Preakness, the share of renters paying 30% or more of income is not measurably different from Passaic County (57.0%).
It is not measurably different from New Jersey (51.6%).
It is not measurably different from the national figure (51.1%).
In Passaic County, Preakness ranks 4 of 9 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 114 of 237.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Preakness
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Preakness | — | 51.5% (±11.7 points) | — |
| Packanack Lake | 1.6 mi | 23.4% (±58.6 points) | Not measurably different |
| Haledon Borough | 1.9 mi | 59.0% (±15.9 points) | Not measurably different |
| Totowa Borough | 2.4 mi | 60.2% (±32.5 points) | Not measurably different |
| Prospect Park Borough | 2.7 mi | 72.2% (±10.3 points) | Higher |
| North Haledon Borough | 2.7 mi | 73.6% (±34.3 points) | Not measurably different |
| Paterson | 3.6 mi | 59.3% (±2.9 points) | Not measurably different |
| Hawthorne Borough | 3.7 mi | 47.8% (±9.9 points) | Not measurably different |
| Woodland Park Borough | 3.7 mi | 47.6% (±11.7 points) | Not measurably different |
Nearby places with a measurably higher figure: Prospect Park Borough, NJ (72.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Passaic County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 1 | Hewitt | 100.0% (±52.0 points) |
| 2 | Upper Greenwood Lake | 60.6% (±50.2 points) |
| 3 | Newfoundland | 54.1% (±56.2 points) |
| 4 | Preakness | 51.5% (±11.7 points) |
| 5 | Singac | 44.9% (±27.7 points) |
| 6 | Great Notch | 37.1% (±19.7 points) |
| 7 | Packanack Lake | 23.4% (±58.6 points) |
| 8 | Macopin | 19.4% (±69.7 points) |
| 9 | Pines Lake | 0.0% (±136.9 points) |
Preakness is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Wayne Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Preakness
Are renters in Preakness rent-burdened?
51.5% of renting households in Preakness pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Preakness spend on rent?
The median renting household in Preakness, NJ spends 30.7% (±4.1 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Preakness CDP, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Preakness CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Preakness CDP, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Preakness CDP, New Jersey (place:60810, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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