Town15,409 people

Tenafly borough, NJ

Discover how far your salary goes in Tenafly borough. Compare taxes, rent, and living costs.

Cost Index
168
💰 Expensive
Population

15,409

State Tax

10.8%

1BR Rent

$1,890

/month

vs National

+35%

above avg

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Rent Prices in Tenafly borough

🏠

Studio

$1,512

/month

$18,144/year

Most Common
🛏️

1 Bedroom

$1,890

/month

$22,680/year

🏡

2 Bedroom

$2,552

/month

$30,624/year

🏘️

3 Bedroom

$3,308

/month

$39,696/year

Taxes in New Jersey

State Income Tax

New Jersey

10.8%

For a $100k salary, that's ~$10,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Tenafly borough, NJ?

Tenafly borough has a cost of living index of 168, which is 68% above the national average. A 1-bedroom apartment costs around $1,890/month.

What is the state income tax in New Jersey?

New Jersey has a state income tax rate of approximately 10.8%. This is in addition to federal income tax.

How much is rent in Tenafly borough?

The median rent for a 1-bedroom apartment in Tenafly borough is $1,890/month. For a 2-bedroom, expect to pay around $2,552/month. This is 35% above the national average.

Is Tenafly borough a good place to live?

Tenafly borough is a town with a population of 15,409. The cost of living is expensive, making it more expensive than average for the US.

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