Best Affordable Places to Live in New Jersey in 2024

Best Places to Live in New Jersey

Whether you’re dreaming of living in a dynamic city, a quiet farming town, a haven by the beach, or a suburb that revolves around family life, New Jersey probably has at least a few affordable places that will deliver. For those who want to be close to New York City and have all kinds of restaurant and entertainment options, Hoboken, Jersey City, and Edgewater can be best bets.

For those raising a family, towns like Chester, and Mountainside may be just right. Retirees often enjoy Paramus and Bedminster, and those who crave beach life will find over 100 miles of shoreline waiting.

In general, New Jersey can be a fairly pricey place to live. The cost of living is 1.17 times more than the average in the United States, so keep that in mind as you hunt for a new spot to call home.

Read on for some of the best affordable places to live in New Jersey for different life stages.

💡 Quick Tip: Buying a home shouldn’t be aggravating. Online mortgage loan forms can make applying quick and simple.

Best Affordable Places to Live in New Jersey

First, a quick caveat: Adjacent to expensive areas like New York City and Philadelphia, New Jersey can be a costly place to live. In terms of cost of living by state, it does come in above the national norm. But that said, New Jersey has numerous locations where budget-conscious individuals and families can settle.

That’s why this list is here to share some of the top affordable places in New Jersey.

1. Pennsauken Township

Photo credit: iStock/peeterv

With its modest housing prices, diverse population, and access to employment, Pennsauken Township tops this list of most affordable places to live in New Jersey. Its transit center allows residents to navigate the surrounding areas with ease. In addition, they can enjoy boating in Cooper River Lake, golfing at the Pennsauken Country Club, and touring the Griffith Morgan House historical museum.

Population: 37,139

Median Household Income: $72,802

Cost of Living: 112% of the U.S. average

Median Rent Price: $1,600

Home Price-to-Income Ratio: 2.30

Average Property Tax: 2.42%

Housing Affordability: Pennsauken’s median rental price has decreased by $300 since last year, signaling continuing affordability in this cool housing market. Likewise, a home-to-price income ratio of 2.30 puts Pennsauken in first place for affordable homeownership in New Jersey. Ready to hit the open houses? Completing the mortgage preapproval process can help you get on the path to buying a home.

2. Gloucester Township

Photo credit: Flickr/J. Stephen Conn , Creative Commons Attribution-NonCommercial 2.0
Generic

Gloucester Township is another of the top affordable places to live in New Jersey. Although it’s home to almost 70,000 people, it’s full of tight-knit neighborhoods with moderately-priced housing. The city focuses on community support and businesses to help its residents thrive, and access to the Black Horse Turnpike and well-preserved municipal roads make transportation a snap. In fact, Philadelphia is just 10 minutes away, though there’s plenty to do in Gloucester Township, from visiting Royal Mile Coffee Roasters to spending an afternoon in Proprietors Park.

Population: 65,989

Median Household Income: $88,699

Cost of Living: 114% of the U.S. average

Median Rent Price: $3,300

Home Price-to-Income Ratio: 2.34

Average Property Tax: 3.86

Housing Affordability: Monthly median housing costs are $2,086 for homeownership and have spiked to $3,300 for renting. The costs to own are cheaper than surrounding areas, providing affordable suburban living close to major cities along the East Coast. (If you’re planning on buying a home, it can be wise to read up on tips about qualifying for a mortgage first.) Rentals are scarce, and the price tag has risen $3,000-plus year over year.

3. Winslow Township

Housing Affordability: Renting has risen just $50 in the last year in Winslow Township, indicating a steady market. In terms of purchasing a property, the township’s budget-friendly home price-to-income ratio can be attractive to first-time homebuyers and seasoned homebuyers alike.

4. Trenton

Photo credit: iStock/halbergman

From museums to an outdoor sculpture park and fine dining, Trenton, the state capital, offers an endless amount to do. The city is bursting with culture and amenities while maintaining a realistic price tag. Its median home value is about $100,000 cheaper than the other cities on this list. And Trenton is just across the Delaware River from Philadelphia, making for an easy commute for those who work there.

Population: 89,661

Median Household Income: $39,718

Cost of Living: 111% of the U.S. average

Median Rent Price: $1,700

Home Price-to-Income Ratio: 2.43

Average Property Tax: 2.78%

Housing Affordability: Trenton’s median rental cost has risen by $170 over the last year, but there is currently a good supply of properties. In addition, although homeownership can cost less than $1,483 per month, local wages are about half the average of the other cities on the list. Nevertheless, Trenton remains one of the top five most affordable places to live in New Jersey.

Recommended: Guide to Mortgage Preapproval vs Prequalification

Best Places to Live in New Jersey for Families

New Jersey features numerous cities with amenities for families, including award-winning schools, outdoor areas, and high rates of homeownership. Here are some of the best places to live in New Jersey for families.

1. Chester

Photo credit: Wikimedia Commons/Zeete , Creative Commons Attribution-ShareAlike 4.0 International

Residents say that the small town of Chester can be a terrific spot to raise a family. They appreciate the local school system, the beautiful landscape, and the array of fresh-air options for kids, such as pick-your-own farms and Black River County Park with its butterfly garden. Ice cream and candy shops downtown add to the family-friendly feel.

Population: 1,591

Median Household Income: $126,806

Cost of Living: 143% of the U.S. average

Median Rent Price: $2,495

Home Price-to-Income Ratio: 3.92

Average Property Tax: 2.16%

Housing Affordability: While most Chester residents own their own homes, some do rent, and rental prices have been steady year over year. However, there aren’t enough properties to meet demand, so the market is considered hot.

In terms of owning a property, the home price-to-income ratio is moderate, but the property taxes can be considerable. If you’re ready to shop for a home in Chester or elsewhere, it’s wise to review different types of mortgages to find the best match.

2. Edgewater

Photo credit: iStock/Robi_J

For those who want more of an urban setting, Edgewater can be a good place to raise a family in New Jersey. Locals give the local schools a thumbs-up and enjoy the easy access to New York City, which is right across the Hudson River (which means the town has jaw-dropping views and short commuting times). There’s plenty to keep little ones occupied locally, too, such as sports and arts classes and storytime sessions.

Population: 14,234

Median Household Income: $126,483

Cost of Living: 159% of the U.S. average

Median Rent Price: $3,646

Home Price-to-Income Ratio: 5.16

Average Property Tax: 2.16%

Housing Affordability: The median rental price in Edgewater has risen $168 year over year, and it’s 78% higher than the national figure. However, the median household income is considerably elevated as well. The rental market is described as cool. In terms of buying a home, Edgewater’s housing values are higher than the national norm, but the home price-to-income ratio, at 5.16, may be affordable for families.

3. Rockaway Township

Photo credit: iStock/Alex Potemkin

Chock full of lakes, parks, and nature preserves, Rockaway Township is a quiet suburb. Residents often mention the school system as an asset that makes the town a good place for families. Tucked further inland, Rockaway Township requires a longer commute to New York City than some other suburbs. Family households make up 69.31% of its residents, and 31.57% of households have children.

Population: 26,036

Median Household Income: $131,313

Cost of Living: 130% of the U.S. average

Median Rent Price: $3,096

Home Price-to-Income Ratio: 2.85

Average Property Tax: 2.16%

Housing Affordability: Median rental prices in Rockaway, New Jersey, have increased by $1,371 since last year, reflecting a market with growing demand. However, most residents own their homes, which has a median cost of $2,683 per month. When combined with the strong median household income of $131,313, these figures indicate a relatively affordable cost of living.

4. Toms River

Photo credit: iStock/Lisa McCabe

Another top spot to raise a family in New Jersey is Toms River. It’s a large suburban enclave along the coast of New Jersey, named for the river that serves as one of its borders. Residents praise this outdoorsy location with plenty of trails to hike and bike, the school system, and the proximity, come summer, to the beach and its boardwalks. Whether your idea of a fun Friday night is having a great meal in a local restaurant, watching a high-school ball game, or both, you’ll probably enjoy life in Toms River. The average age of residents is 42.7, and 80% of the population own their own homes.

Population: 98,326

Median Household Income: $84,928

Cost of Living: 115% of the U.S. average

Median Rent Price: $3,000

Home Price-to-Income Ratio: 4.71

Average Property Tax: 2.09%

Housing Affordability: Toms River’s median rental price is 47% above the national figure, but the market is considered to be cool, with prices rising just $50 year over year. Homeownership can be more affordable, however, due to the home price-to-income ratio and the relatively low property taxes. Purchasing a property likely wouldn’t necessitate a jumbo mortgage loan for most homebuyers.

5. Mountainside

Photo credit: Wikimedia Commons/Tomwsulcer , Creative Commons CC0 1.0 Universal

Located about 45 minutes from New York City, Mountainside is a small town that many families find both affordable and welcoming. They praise the school system and outdoor spaces, like the Trailside Nature and Science Center and Watchung Reservation. There are also many options in terms of shopping and dining out, and the relatively short commute to New York City is another benefit.

Population: 6,957

Median Household Income: $133,365

Cost of Living: 129.5% of the U.S. average

Median Rent Price: $3,950

Home Price-to-Income Ratio: 4.87

Average Property Tax: 2.03%

Housing Affordability: The median rental price in Mountainside has increased by $350 since last year. However, rental demand remains lower than the national average, suggesting stability and possible reductions in pricing for the future. Home prices are a bit below the usual standard U.S. home price-to-income ratio of five, but the property taxes, as in many New Jersey areas, are relatively high.

💡 Quick Tip: Lowering your monthly payments with a mortgage refinance from SoFi can help you find money to pay down other debt, build your rainy-day fund, or put more into your 401(k).

Best Places to Live in New Jersey for Young Adults

Numerous towns in New Jersey feature the diversity, economic opportunity, and proximity to New York City that makes living in the area exciting and rewarding. Here are the top five places to live in New Jersey for young adults:

1. Hoboken

Photo credit: iStock/Thomas Kloc

Hoboken sits across the Hudson River from Manhattan and is home to many young professionals, college students, and budding creatives. The city’s median age is 30, and 45% of its residents are between ages 18 and 34. Nightlife is vibrant, with plenty of bars, restaurants, and coffee shops. Residents aged 25 and under earn a median salary of $100,150.

Population: 57,703

Median Household Income: $160,890

Cost of Living: 139.5% of the U.S. average

Median Rent Price: $3,800

Home Price-to-Income Ratio: 4.83

Average Property Tax: 2.17%

Housing Affordability: Hoboken’s median rental cost has increased by $200 since last year. Rental demand is rising, driving up prices as supply decreases. The median monthly homeownership cost is $3,937, so housing can be costly for both renters and buyers, though the higher median household income helps offset this.

2. Jersey City

Photo credit: iStock/OlegAlbinsky

Here’s another best place to live in New Jersey for singles: Jersey City. It has an enviably short commute to New York City. In some cases, a bus or train can whisk you there in 20 minutes or less, and ferry service is an option too. Plus, businesses are increasingly calling Jersey City home, making for an even easier trip to the office. These features, plus beautiful parks, are just a few perks that make Jersey City a desirable place for young professionals. Its diverse, young population can mean there’s always a new experience around the corner. In terms of economic opportunities, residents under 25 earn a median salary of $61,144. Residents between the ages of 18 and 34 account for 31% of the city’s population.

Population: 286,670

Median Household Income: $81,390

Cost of Living: 139.5% of the U.S. average

Median Rent Price: $2,789

Home Price-to-Income Ratio: 5.37

Average Property Tax: 2.17%

Housing Affordability: The median rental price in Jersey City has ticked up by $289 in the last year. The rental market is warming up, so demand and pricing may jump in the future. Similarly, the median monthly homeownership cost is $2,895, so housing in Jersey City is among the more expensive options compared to the other cities on this list.

3. Highland Park

Photo credit: Flickr/Vik Nanda , Creative Commons Attribution 2.0 Generic

Highland Park is conveniently located about an hour away from both New York City and Philadelphia, but young professionals might find it hard to tear themselves away from the town. It offers an engaging and affordable mix of activities, from diverse restaurants to sample to farmer’s market to visit to spacious parks to explore. Thirty percent of its population is aged 18-34, and those under 25 make a median salary $50,417.

Population: 14,988

Median Household Income: $85,652

Cost of Living: 124.7% of the U.S. average

Median Rent Price: $2,183

Home Price-to-Income Ratio: 4.40

Average Property Tax: 2.52%

Housing Affordability: The median rental cost has risen by $143 over the last year. As with many other areas popular with young professionals, the rental market is gradually experiencing more demand. However, homeownership in Highland Park costs a median of $2,919 per month, and the home price-to-income ratio is lower than the previous cities on this list for young adults.

4. Secaucus

Photo credit: iStock/Robi_J

Secaucus is another of the best affordable places for young professionals in New Jersey. It’s a bustling suburb just a 15-minute train ride from New York City. In terms of budget-friendliness, Secaucus boasts the lowest property taxes in the county and ample outdoor recreation opportunities. The town is an economic powerhouse, with residents under 25 making a median salary $148,375. 23% of the population is between the ages of 18 and 34.

Population: 21,108

Median Household Income: $125,246

Cost of Living: 139.5% of the U.S. average

Median Rent Price: $2,900

Home Price-to-Income Ratio: 3.92

Average Property Tax: 2.17%

Housing Affordability: The median rental price in Secaucus has increased by $100 from last year, and the median monthly homeownership cost is $2,884. The home price-to-income ratio is among the more affordable on this list for young adults. In addition, the rental market is deemed cool, so this could be a good location whether you are a prospective first-time homebuyer or a renter. For those who are thinking of purchasing, it can be a good move to check out programs for first-time homebuyers in New Jersey to help you get the most affordable deal.

5. Edgewater

Photo credit: iStock/Agent_Nikita

Making another appearance on this list is Edgewater. Hugging the banks of the Hudson River, it sits directly across from New York City and offers amazing skyline views. Most residents rent their homes and have a quick commute to the city by car or by bus. Residents may enjoy the urban feel of Edgewater, where there’s plenty to do at the local parks, restaurants, boutiques, bars, and coffee shops.

Population: 14,234

Median Household Income: $126,483

Cost of Living: 141% of the U.S. average

Median Rent Price: $3,646

Home Price-to-Income Ratio: 5.16

Average Property Tax: 2.16%

Housing Affordability: The median rental price in Edgewater has risen $168 year over year, and it’s 78% higher than the national figure. However, the median household income is considerably elevated as well. The rental market is described as cool. In terms of buying a home, Edgewater’s housing values are higher than the national norm, but the home price-to-income ratio, at 5.16, may be affordable for young professionals.

Best Places to Live in New Jersey for Retirees

New Jersey is packed with retiree-friendly towns. They feature parks, culture, senior services, and high proportions of residents aged 65 and older. Plus, New Jersey doesn’t tax Social Security income, so retirees will keep more of their income by settling in the state.

1. Mountainside

Housing Affordability: Mountainside’s rental prices have climbed by $350 since last year. However, rental demand remains lower than the national average, suggesting stability and possible reductions in pricing for the future. The 4.87 price-to-income ratio is close to the national average, but retirees will want to be sure they can afford the higher property taxes.

2. Berkeley Heights

Photo credit: Wikimedia Commons/Tomwsulcer , Creative Commons CC0 1.0 Universal

Berkeley Heights’ population consists of 18% of residents age 65+. Located on the western side of Watchung Reservation, the town offers outdoor activities, senior programming, and a vibrant retiree community. Owning and renting both cost about $3,400 monthly. However, owning without a mortgage cuts this cost to about $1,500.

Population: 13,071

Median Household Income: $177,219

Cost of Living: 129.5% of the U.S. average

Median Rent Price: $3,393

Home Price-to-Income Ratio: 3.66

Average Property Tax: 2.03%

Housing Affordability: Berkeley Heights’ median rental costs have increased by $718 since last year. Overall, market demand remains modest. In addition, although the median homeownership costs are $3,380 with a mortgage and $1,489 without a mortgage, property taxes are at the higher end of the scale. The town’s excellent median income level helps make living more affordable.

3. Bedminster

Housing Affordability: The median rental cost in Bedminster has increased by $400 since last year. Furthermore, the intense demand in the market likely will continue to push up prices. Conversely, homeownership is less expensive, which could be a key factor when picking the best affordable place to retire in New Jersey.

4. Toms River

Photo credit: Flickr/Jazz Guy , Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic

Toms River offers many advantages for retirees: affordable housing, a large suburban community with many amenities (golf, bookstores, restaurants, historical sites), and proximity to the water. The town borders Toms River and is also very close to the famous Jersey shore beaches.

About 20% of the population is 65 or older, which means there is a mix of households, which some retirees will likely find appealing. One note: Toms River also is home to active lifestyle communities for ages 55 and over.

Population: 98,326

Median Household Income: $84,928

Cost of Living: 115% of the U.S. average

Median Rent Price: $3,000

Home Price-to-Income Ratio: 4.71

Average Property Tax: 2.09%

Housing Affordability: About 80% of Toms River residents own their own homes, which are fairly affordable, and, compared to other New Jersey towns, the taxes can be reasonable. Renting, however, is pricier.

5. Paramus

Photo credit: Wikimedia Commons/Famartin , Creative Commons Attribution-ShareAlike 4.0 International

Need another great place in New Jersey for retirees? Paramus is near several parks and golf courses, so there is plenty of opportunity to be outdoors. While this city is just a short ride away from New York City, it’s a local mecca for shoppers; if you like perusing the aisles, you’ll have your pick of stores. One-fourth of its residents are 65 or older. The median homeownership cost with a mortgage is $3,260, while the median rent is $4,325. The town also has numerous senior living options.

Population: 26,359

Median Household Income: $130,446

Cost of Living: 141% of the U.S. average

Median Rent Price: $4,325

Home Price-to-Income Ratio: 4.78

Average Property Tax: 1.55%

Housing Affordability: The median rental price in Paramus has ballooned in the last year by $670. In addition, the market is seeing higher demand than the national average. Likewise, homeownership with a mortgage can be expensive, as the home price-to-income ratio is 4.78 and can cost over $3,200 per month.

Best Places to Live in New Jersey Near the Beach

The iconic Jersey Shore contains a host of cities, towns, and boroughs on the beach, each offering distinct experiences of life on the Atlantic. Here are the five best places to live in New Jersey near the beach.

1. Asbury Park

Photo credit: iStock/DenisTangneyJr

Asbury Park’s beach is lined with attractions (besides the Atlantic Ocean of course), such as mini golf, a splash park, a playground, vibrant murals, and various restaurants. There’s a dynamic music scene, anchored by the famed Stone Pony made famous by Springsteen. The downtown is enjoying a renaissance, with lots of hip eateries and boutiques opening. Median monthly housing costs are $2,136 to own and $2,900 to rent.

Population: 15,146

Median Household Income: $54,676

Cost of Living: 129.1% of the U.S. average

Median Rent Price: $2,900

Home Price-to-Income Ratio: 7.00

Average Property Tax: 2.13%

Housing Affordability: The median rental price in Asbury Park has increased by $150 since last year. Demand appears to be leveling out for rentals. On the other hand, buying a property can be pricier than the national average in this booming town.

2. Ocean Grove

Photo credit: iStock/DenisTangneyJr

Just a stone’s throw from Asbury Park is the charming, historic town of Ocean Grove, noted for its Victorian architecture. Here are some of the reasons why it can be a welcoming spot for retirees: In addition to beach access and its charming main street, it’s known for its Great Auditorium by the water, an amazing old-fashioned wooden structure that hosts events and can be a great place to hear music.

Population: 2,962

Median Household Income: $65,078

Cost of Living: 129.1% of the U.S. average

Median Rent Price: $2,500

Home Price-to-Income Ratio: 7.00

Average Property Tax: 2.13%

Housing Affordability: The median rental price in Ocean Grove has stayed steady, and the market is described as cool, though demand can surge as the weather warms up and people look for properties by the sea. On the other hand, the home price-to-income ratio makes becoming a homeowner in Ocean Park somewhat higher than the national figure.

3. Cape May

Photo credit: iStock/DenisTangneyJr

If you’re dreaming of a classic beach town with loads of architectural interest, Cape May could be right for you. It sits on New Jersey’s southernmost point and is known for its beautiful beaches, a whale watching center, the famous open-air Washington Street mall, and a salt marsh safari. The median housing costs in Cape May are $1,963 a month for owning and $2,350 for renting.

Population: 95,634

Median Household Income: $76,237

Cost of Living: 122.7% of the U.S. average

Median Rent Price: $2,350

Home Price-to-Income Ratio: 4.18

Average Property Tax: 1.60%

Housing Affordability: The median rental price in Cape May has decreased by $650 in the last year. This figure correlates with low rental demand in the city. Likewise, Cape May’s higher median income helps home affordability, making owning near the beach more feasible.

4. Sea Bright

Photo credit: iStock/Wirestock

Sea Bright is another possibility if you’re looking for a best place to live by the beach in New Jersey. It’s a small, quiet community that is actually a barrier island between the Atlantic Ocean and the Navesink River. For those craving a tranquil, away-from-it-all place by the water, this could be the right spot; it doesn’t have the boardwalk and hubbub of some other seaside towns.

Population: 1,532

Median Household Income: $101,583

Cost of Living: 129.1% of the U.S. average

Median Rent Price: $3,000

Home Price-to-Income Ratio: 7.02

Average Property Tax: 2.13%

Housing Affordability: The median rental price in Sea Bright is above the national median, and it has increased by $400 since last year. The market is described as warm, so demand could continue to rise. Owning a home in Sea Bright is also more expensive than the national norm, but for some people, living in this community may make it worthwhile to pay the higher price.

5. Wildwood

Photo credit: iStock/Carl Kaminski

Last but certainly not least, Wildwood is an affordable town that, come summer, offers a classic Jersey shore experience: roller coasters, resorts, parks, restaurants, and a strip of lovely beach. Off-season, residents can shop, catch a movie, go bowling, visit a local brewery, and dine out. Housing in Wildwood is more affordable than most other beach towns: the median rent is $1,714, and homeownership has a median monthly cost of $2,388.

Population: 5,157

Median Household Income: $44,476

Cost of Living: 122.7% of the U.S. average

Median Rent Price: $1,714

Home Price-to-Income Ratio: 5.98

Average Property Tax: 1.60%

Housing Affordability: The median rental price in Wildwood has increased by $214 in the last year. Rental prices remain affordable, and low demand may decrease the cost in the future. Conversely, purchasing a home is more costly, with the median home price sitting at almost six times the median salary.

---

The Takeaway

Living in New Jersey offers a unique blend of benefits and a variety of locales, making it a fantastic place to call home. Its prime location on the East Coast provides easy access to major cities like New York and Philadelphia, which has helped establish it as a hub of economic activity. The state boasts a rich tapestry of cultures and landscapes as well.

Whether you are a young professional who wants to settle in Hoboken, a family that decides to put down roots in Mountainside, or a retiree who dreams of a place by the beach, New Jersey can provide a great home base. If you’re shopping for a property, there are likely to be many options to suit your budget, and the right mortgage can also help.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help. SoFi Mortgages: simple, smart, and so affordable.

Learn more

Browse Other States

Best Affordable Places to Live in the U.S.

Best Affordable Places to Live in Ohio

Best Affordable Places to Live in Oregon

FAQ

What is the most affordable city in New Jersey?

Among the most affordable cities in New Jersey is Willingboro, based on median home price-to-income ratio. Willingboro’s home price-to-income ratio is 2.19, and the median salary of $83,323 helps its residents pay for the cost of living.

Where is the least expensive place to live in New Jersey?

One of the least expensive places to live in New Jersey is Willingboro. The cost of living in Willingboro is 3% above the national average, which is considered very low for the state of New Jersey.

Where is the best place to live near New Jersey?

There are a variety of great places to live in and around New Jersey, depending on your needs and tastes. For instance, some people might like a small, rural town like Chester. Others might like the downtown vibe of Jersey City or Hoboken and the quick commute into Manhattan.

---

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice. Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
SOHL0823026