New Jersey vs New York: Home Value to Income Ratio
New Jersey has a lower home value to income ratio than New York.
National Rankings
Where They Rank Nationally
See where both states fall among all 50 states for home value to income ratio.
10 Best States — Home Value to Income Ratio
Lower is better
West Virginia
Iowa
Kansas
Mississippi
Ohio
Nebraska
Arkansas
Kentucky
North Dakota
Indiana
New Jersey
New York
New Jersey ranks 30th and New York ranks 38th nationally for home value to income ratio.
Related Context
Home Affordability Ratios
A price-to-income ratio above 4× is stretched; above 6× is considered severely unaffordable.
What This Means
New Jersey vs New York: Home Value to Income Ratio in context
New Jersey has a home value to income ratio of 4.13x, compared with 4.67x in New York. Median home value divided by median household income.
People Also Ask
New Jersey vs New York Home Value to Income Ratio — Common Questions
Q What is New Jersey's home value to income ratio?
New Jersey's home value to income ratio is 4.13x.
Q What is New York's home value to income ratio?
New York's home value to income ratio is 4.67x.
Q Which state has a lower home value to income ratio — New Jersey or New York?
New Jersey has a lower home value to income ratio than New York.
More Comparisons: New Jersey vs New York
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Sources: Core demographic data comes from the 2020 U.S. Census, with land area from U.S. Census Bureau TIGER files. Income, housing, affordability, and tax fields are maintained in our comparison dataset; purchasing-power figures use BEA Regional Price Parities. Minimum wage data comes from the U.S. Department of Labor, gas prices from AAA, and electricity rates from the U.S. Energy Information Administration. Political control and election fields use 2024 presidential results together with National Conference of State Legislatures data. Gun-law labels use the Giffords scorecard, alcohol system data comes from NABCA, and marijuana status uses NCSL's state cannabis laws tracker.