Cost of Living in Chester
Chester's cost of living reflects its genuinely affluent Skylands-region identity: substantial home values and a real, elevated property tax rate, offset by this batch's highest median household income.
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Learn moreThis batch's highest household income
Chester's median household income (a real, sourced $209,561 for the ZIP 07930 area) runs genuinely, substantially above both New Jersey's own statewide figure ($104,294) and every other market in this four-market batch.
Substantial home values across both municipalities
Chester Township's average residential property value was $663,419 in 2023, while Chester Borough's was $535,375 -- both real, disclosed, and substantially above the national and New Jersey statewide averages. A separate listing-price citation put Chester's median home price at approximately $950,000.
A genuinely elevated property-tax rate
Chester's effective property tax rate runs a real, disclosed 2.535%-2.628% depending on municipality -- above both Morris County's own average and New Jersey's nation-leading statewide average.
New Jersey's uniform sales tax applies statewide
New Jersey's simple, uniform 6.625% sales tax applies in Chester with no local add-on -- see new-jersey.js.
Key takeaways
- Chester's median household income ($209,561+) is the highest in this four-market batch.
- Home values run substantially above national and NJ statewide averages across both municipalities.
- Chester's 2.535%-2.628% effective property tax rate is a real, material cost.
- New Jersey's uniform 6.625% sales tax applies with no Chester-specific local add-on.
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