How many renters in Prospect Park Borough, NJ pay more than 30% of their income on rent?
72.2% (±10.3 points) of renting households in Prospect Park Borough, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
71.2% spend 35% or more.
The median renting household spends 46.0% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 72.2% (±10.3 points)
- Paying 35% or more
- 71.2% (±10.2 points)
- Median share of income
- 46.0% (±6.1 points)
Rent as a share of income in Prospect Park Borough
| Share of income spent on rent | Prospect Park Borough | Passaic County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 15.7% (±9.7 points) | 11.8% | 12.2% | 12.6% |
| 15% to 19.9% | 8.4% (±6.2 points) | 10.9% | 12.3% | 12.2% |
| 20% to 24.9% | 0.0% (±4.0 points) | 11.8% | 12.6% | 12.6% |
| 25% to 29.9% | 3.6% (±4.3 points) | 8.4% | 11.4% | 11.5% |
| 30% to 34.9% | 1.0% (±1.6 points) | 8.6% | 8.9% | 9.2% |
| 35% or more | 71.2% (±10.2 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.
Prospect Park Borough against Passaic County, its state and the nation
| Prospect Park Borough | Passaic County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 72.2% (±10.3 points) | 57.0% (±1.8 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 71.2% (±10.2 points) | 48.4% (±1.6 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 46.0% (±6.1 points) | 34.1% (±0.9 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $36,786 (±$17,880) | $51,907 (±$1,513) | $62,674 (±$718) | $52,966 |
| Median gross rent | $1,647 (±$165) | $1,621 (±$17) | $1,720 (±$7) | $1,413 |
In Prospect Park Borough, the share of renters paying 30% or more of income is higher than in Passaic County (57.0%).
It is also higher than in New Jersey (51.6%).
It is higher than the national figure (51.1%).
In Passaic County, Prospect Park Borough ranks 2 of 16 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 40 of 560.
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 Prospect Park Borough
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Prospect Park Borough | — | 72.2% (±10.3 points) | — |
| Haledon Borough | 0.8 mi | 59.0% (±15.9 points) | Not measurably different |
| Hawthorne Borough | 1.3 mi | 47.8% (±9.9 points) | Lower |
| North Haledon Borough | 1.6 mi | 73.6% (±34.3 points) | Not measurably different |
| Paterson | 1.9 mi | 59.3% (±2.9 points) | Lower |
| Preakness | 2.7 mi | 51.5% (±11.7 points) | Lower |
| Glen Rock Borough | 2.8 mi | 56.3% (±28.0 points) | Not measurably different |
| Fair Lawn Borough | 3.0 mi | 59.1% (±10.1 points) | Not measurably different |
| Totowa Borough | 3.6 mi | 60.2% (±32.5 points) | Not measurably different |
Nearby places with a measurably lower figure: Hawthorne Borough, NJ (47.8%), Paterson, NJ (59.3%), Preakness, NJ (51.5%).
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 | North Haledon Borough | 73.6% (±34.3 points) |
| 2 | Prospect Park Borough | 72.2% (±10.3 points) |
| 3 | Totowa Borough | 60.2% (±32.5 points) |
| 4 | Paterson | 59.3% (±2.9 points) |
| 5 | Haledon Borough | 59.0% (±15.9 points) |
| 6 | West Milford Township | 58.5% (±16.5 points) |
| 7 | Passaic | 57.7% (±3.9 points) |
| 8 | Clifton | 57.6% (±5.3 points) |
Showing 8 of 16 places in Passaic County, ranked from highest to lowest.
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 Prospect Park Borough
Are renters in Prospect Park Borough rent-burdened?
72.2% of renting households in Prospect Park Borough 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 Prospect Park Borough spend on rent?
The median renting household in Prospect Park Borough, NJ spends 46.0% (±6.1 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Prospect Park borough, Passaic County, 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 Prospect Park borough, Passaic County, New Jersey (county subdivision:61170, in state:34 county:031).
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 .
Related
- Housing in Prospect Park Borough at a glance
- Median rent in Prospect Park Borough
- Rent by bedrooms in Prospect Park Borough
- Renters and owners in Prospect Park Borough
- Income and affordability in Prospect Park Borough
- Home values in Prospect Park Borough
- Homeowner costs in Prospect Park Borough
- Property taxes in Prospect Park Borough
- Types of homes in Prospect Park Borough
- Bedrooms in Prospect Park Borough
- Age of homes in Prospect Park Borough
- Vacancy rate in Prospect Park Borough
- Heating fuel in Prospect Park Borough
- Commute and cars in Prospect Park Borough
- Crime reported to police in Prospect Park Borough
- Population growth in Prospect Park Borough
- How long people stay in Prospect Park Borough
- Crowding and facilities in Prospect Park Borough
- New Jersey landlord and tenant rules
- Housing across Passaic County
- New Jersey places ranked by rent burden
- Housing data for every place in New Jersey