Zip 08031 (Bellmawr, NJ) Cost of Living


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Bellmawr cost of living score
94.2
Less expensive
5.8% lower
than the US average
21.4% lower
than the New Jersey average
Bellmawr (zip 08031), New Jersey gets a BestPlaces Cost of Living score of 94.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.8% lower than the U.S. average and 21.4% lower than the average for New Jersey.

Zip 08031 (Bellmawr, NJ)

Housing costs in Bellmawr?
A typical home costs $239,100, which is 29.3% less expensive than the national average of $338,100 and 44.7% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Bellmawr costs $1,220 per month, which is 28.7% cheaper than the national average of $1,710 and 20.5% cheaper than the state average of $1,470.

Can I afford Bellmawr?
To live comfortably in Bellmawr (zip 08031), New Jersey, a minimum annual income of $45,720 for a family, and $40,400 for a single person is recommended.

What does A.I. say about Bellmawr?
Bellmawr, NJ is a relatively expensive place to live. While the median home cost in 08031 is around $227,000, rental prices are even higher with average monthly rent for a one bedroom unit at around $1,255. This high cost of living is offset by the city's proximity to Philadelphia and its public transportation options. The area also has plenty of jobs and entertainment options that help make up for the high costs.
   Cost of living score
     CategoriesBellmawrNew JerseyUnited States
  94.2119.8100.0
  102.3105.8100
  95.196.9100.0
  70.7136.4100.0
  $239,100$432,100$338,100
  113.8%109.2%100.0%
  89.8127.7100.0
  100.8112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime