Collingswood, NJ Cost Of Living
Cost Of Living In Collingswood, NJ Summary
Cost of living in Collingswood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Collingswood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Collingswood is 113, with 100 being the average.
The cost of living index in Collingswood is 1.1x higher than the national average.
Collingswood ranks as the #57 cheapest in New Jersey out of 260.
Collingswood ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Collingswood is $436,453.
The median income in Collingswood is $83,917.
Table Of Contents
Collingswood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Collingswood, NJ?
According to the most recent data on the cost of living, Collingswood has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to New Jersey, Collingswood has a cost of living index that's 0.9x lower than New Jersey's index of 122.
The standard of living in Collingswood ranks as #57 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Collingswood ranks as the #203 most expensive place in the Garden State.
For more reading on life in Collingswood, check out:
In New Jersey
In America
Collingswood Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Collingswood. Here is how it fairs on each of the criteria:
The Services index in Collingswood is 103.
The Groceries index in Collingswood is 101.
The Health index in Collingswood is 95.
The Housing index in Collingswood is 137.
The Transportation index in Collingswood is 105.
The Utilities index in Collingswood is 111.
| Living Expense | Collingswood | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 113 | 122 | 100 | |
| Services | 103 | 108 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 137 | 159 | 100 | |
| Transportation | 105 | 101 | 100 | |
| Utilities | 111 | 107 | 100 | |
Collingswood, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Collingswood is $436,453.
The Median Rent in Collingswood is $1,420.
The Median Income in Collingswood is $83,917.
The Home Value To Income in Collingswood is 5.2x.
The Rent To Monthly Income in Collingswood is 0.2x.
| Statistic | Collingswood | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $436,453 | $564,432 | $303,400 |
| Median Rent | $1,420 | $1,653 | $1,348 |
| Median Income | $83,917 | $101,050 | $78,538 |
| Home Value To Income | 5.2x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Collingswood, NJ Costs By Category
Detailed Collingswood Services Costs Vs. New Jersey
| Item | Collingswood | New Jersey |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Collingswood Groceries Costs Vs. New Jersey
| Item | Collingswood | New Jersey |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.73 | $12.09 |
| Beer | $11.99 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Collingswood Health Costs Vs. New Jersey
| Item | Collingswood | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Collingswood Transportation Costs Vs. New Jersey
| Item | Collingswood | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Collingswood Utilities Costs Vs. New Jersey
| Item | Collingswood | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Collingswood SnackAbility
/10
Cost Of Living In Cities Around Collingswood
The cost of living varies in the cities and towns around Collingswood. Here's a quick look at the cost of living in the most populous nearby places:
Camden, NJ has a cost of living index of 89, 0.8x Collingswood.
Springdale, NJ has a cost of living index of 123, 1.1x Collingswood.
Ardmore, PA has a cost of living index of 124, 1.1x Collingswood.
| City | Population | Cost Of Living | Vs. Collingswood |
|---|---|---|---|
| Camden, NJ | 71,471 | 89 | 0.8x |
| Springdale, NJ | 15,672 | 123 | 1.1x |
| Ardmore, PA | 14,165 | 124 | 1.1x |
| Haddonfield, NJ | 12,502 | 147 | 1.3x |
| Greentree, NJ | 11,024 | 130 | 1.2x |
| Ashland, NJ | 9,437 | 116 | 1.0x |
| Audubon, NJ | 8,699 | 109 | 1.0x |
| Glenside, PA | 7,941 | 118 | 1.0x |
| Haddon Heights, NJ | 7,488 | 114 | 1.0x |
| Maple Glen, PA | 6,851 | 138 | 1.2x |
