Pennsville, NJ Cost Of Living
Cost Of Living In Pennsville, NJ Summary
Cost of living in Pennsville 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 Pennsville 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 Pennsville is 99, with 100 being the average.
The cost of living index in Pennsville is 1.0x lower than the national average.
Pennsville ranks as the #13 cheapest in New Jersey out of 260.
Pennsville ranks as the #2,497 cheapest out of 6,489 in the US.
The median home value in Pennsville is $268,420.
The median income in Pennsville is $75,162.
Table Of Contents
Pennsville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Pennsville, NJ?
According to the most recent data on the cost of living, Pennsville has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to New Jersey, Pennsville has a cost of living index that's 0.8x lower than New Jersey's index of 122.
The standard of living in Pennsville ranks as #13 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Pennsville ranks as the #247 most expensive place in the Garden State.
For more reading on life in Pennsville, check out:
In New Jersey
In America
Pennsville Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Pennsville. Here is how it fairs on each of the criteria:
The Services index in Pennsville is 105.
The Groceries index in Pennsville is 106.
The Health index in Pennsville is 106.
The Housing index in Pennsville is 89.
The Transportation index in Pennsville is 108.
The Utilities index in Pennsville is 91.
| Living Expense | Pennsville | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 99 | 122 | 100 | |
| Services | 105 | 108 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 106 | 99 | 100 | |
| Housing | 89 | 159 | 100 | |
| Transportation | 108 | 101 | 100 | |
| Utilities | 91 | 107 | 100 | |
Pennsville, 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 Pennsville is $268,420.
The Median Rent in Pennsville is $1,225.
The Median Income in Pennsville is $75,162.
The Home Value To Income in Pennsville is 3.6x.
The Rent To Monthly Income in Pennsville is 0.2x.
| Statistic | Pennsville | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $268,420 | $564,432 | $303,400 |
| Median Rent | $1,225 | $1,653 | $1,348 |
| Median Income | $75,162 | $101,050 | $78,538 |
| Home Value To Income | 3.6x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Pennsville, NJ Costs By Category
Detailed Pennsville Services Costs Vs. New Jersey
| Item | Pennsville | New Jersey |
|---|---|---|
| Shampoo | $1.41 | $1.28 |
| Movie | $12.71 | $12.13 |
| Bowling | $19.5 | $18 |
| Haircut | $30.14 | $24.26 |
| Beauty Salon | $47.42 | $45.56 |
Detailed Pennsville Groceries Costs Vs. New Jersey
| Item | Pennsville | New Jersey |
|---|---|---|
| Ground Beef | $5.73 | $5.84 |
| Fried Chicken | $1.52 | $1.57 |
| Milk | $4.81 | $4.67 |
| Potatoes | $5.4 | $4.93 |
| Pizza | $11.33 | $12.09 |
| Beer | $11.96 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Pennsville Health Costs Vs. New Jersey
| Item | Pennsville | New Jersey |
|---|---|---|
| Optometrist | $113.67 | $125.68 |
| Doctor | $149.53 | $135.78 |
| Dentist | $132.28 | $113.29 |
Detailed Pennsville Transportation Costs Vs. New Jersey
| Item | Pennsville | New Jersey |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $74.86 | $59.92 |
Detailed Pennsville Utilities Costs Vs. New Jersey
| Item | Pennsville | New Jersey |
|---|---|---|
| All Electricity | $173.73 | $193.99 |
| Phone | $182.79 | $192.25 |
Pennsville SnackAbility
/10
Cost Of Living In Cities Around Pennsville
The cost of living varies in the cities and towns around Pennsville. Here's a quick look at the cost of living in the most populous nearby places:
Wilmington, DE has a cost of living index of 101, 1.0x Pennsville.
Woodlyn, PA has a cost of living index of 103, 1.0x Pennsville.
Village Green-Green Ridge, PA has a cost of living index of 114, 1.2x Pennsville.
| City | Population | Cost Of Living | Vs. Pennsville |
|---|---|---|---|
| Wilmington, DE | 71,124 | 101 | 1.0x |
| Woodlyn, PA | 10,276 | 103 | 1.0x |
| Village Green-Green Ridge, PA | 8,725 | 114 | 1.2x |
| Folsom, PA | 8,298 | 110 | 1.1x |
| Brookhaven, PA | 8,288 | 110 | 1.1x |
| Wilmington Manor, DE | 8,030 | 104 | 1.1x |
| Carneys Point, NJ | 7,945 | 98 | 1.0x |
| Ridley Park, PA | 7,245 | 108 | 1.1x |
| Edgemoor, DE | 6,671 | 111 | 1.1x |
| Swarthmore, PA | 6,524 | 134 | 1.4x |
