Moorestown-Lenola, NJ Cost Of Living
Cost Of Living In Moorestown-Lenola, NJ Summary
Cost of living in Moorestown-Lenola 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 Moorestown-Lenola 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 Moorestown-Lenola is 132, with 100 being the average.
The cost of living index in Moorestown-Lenola is 1.3x higher than the national average.
Moorestown-Lenola ranks as the #143 cheapest in New Jersey out of 260.
Moorestown-Lenola ranks as the #5,080 cheapest out of 6,489 in the US.
The median home value in Moorestown-Lenola is $704,088.
The median income in Moorestown-Lenola is $134,167.
Table Of Contents
Moorestown-Lenola's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Moorestown-Lenola, NJ?
According to the most recent data on the cost of living, Moorestown-Lenola has an overall cost of living index of 132, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Moorestown-Lenola has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Moorestown-Lenola ranks as #143 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Moorestown-Lenola ranks as the #117 most expensive place in the Garden State.
For more reading on life in Moorestown-Lenola, check out:
In New Jersey
In America
Moorestown-Lenola Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Moorestown-Lenola. Here is how it fairs on each of the criteria:
The Services index in Moorestown-Lenola is 102.
The Groceries index in Moorestown-Lenola is 103.
The Health index in Moorestown-Lenola is 96.
The Housing index in Moorestown-Lenola is 200.
The Transportation index in Moorestown-Lenola is 105.
The Utilities index in Moorestown-Lenola is 111.
| Living Expense | Moorestown-Lenola | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 132 | 122 | 100 | |
| Services | 102 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 96 | 99 | 100 | |
| Housing | 200 | 159 | 100 | |
| Transportation | 105 | 101 | 100 | |
| Utilities | 111 | 107 | 100 | |
Moorestown-Lenola, 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 Moorestown-Lenola is $704,088.
The Median Rent in Moorestown-Lenola is $1,487.
The Median Income in Moorestown-Lenola is $134,167.
The Home Value To Income in Moorestown-Lenola is 5.2x.
The Rent To Monthly Income in Moorestown-Lenola is 0.13x.
| Statistic | Moorestown-Lenola | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $704,088 | $564,432 | $303,400 |
| Median Rent | $1,487 | $1,653 | $1,348 |
| Median Income | $134,167 | $101,050 | $78,538 |
| Home Value To Income | 5.2x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Moorestown-Lenola, NJ Costs By Category
Detailed Moorestown-Lenola Services Costs Vs. New Jersey
| Item | Moorestown-Lenola | 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 Moorestown-Lenola Groceries Costs Vs. New Jersey
| Item | Moorestown-Lenola | 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 Moorestown-Lenola Health Costs Vs. New Jersey
| Item | Moorestown-Lenola | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Moorestown-Lenola Transportation Costs Vs. New Jersey
| Item | Moorestown-Lenola | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Moorestown-Lenola Utilities Costs Vs. New Jersey
| Item | Moorestown-Lenola | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Moorestown-Lenola SnackAbility
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Cost Of Living In Cities Around Moorestown-Lenola
The cost of living varies in the cities and towns around Moorestown-Lenola. Here's a quick look at the cost of living in the most populous nearby places:
Springdale, NJ has a cost of living index of 123, 0.9x Moorestown-Lenola.
Cherry Hill Mall, NJ has a cost of living index of 114, 0.9x Moorestown-Lenola.
Greentree, NJ has a cost of living index of 130, 1.0x Moorestown-Lenola.
| City | Population | Cost Of Living | Vs. Moorestown-Lenola |
|---|---|---|---|
| Springdale, NJ | 15,672 | 123 | 0.9x |
| Cherry Hill Mall, NJ | 14,827 | 114 | 0.9x |
| Greentree, NJ | 11,024 | 130 | 1.0x |
| Marlton, NJ | 10,473 | 112 | 0.8x |
| Ashland, NJ | 9,437 | 116 | 0.9x |
| Fort Dix, NJ | 8,034 | 140 | 1.1x |
| Glenside, PA | 7,941 | 118 | 0.9x |
| Palmyra, NJ | 7,447 | 105 | 0.8x |
| Maple Glen, PA | 6,851 | 138 | 1.0x |
| Ramblewood, NJ | 6,542 | 119 | 0.9x |
