Zip 08108 (Collingswood, NJ) Cost of Living


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Collingswood cost of living score
94.2
Less expensive
5.8% lower
than the US average
21.4% lower
than the New Jersey average
Collingswood (zip 08108), 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 08108 (Collingswood, NJ)

Housing costs in Collingswood?
A typical home costs $375,400, which is 11.0% more expensive than the national average of $338,100 and 13.1% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Collingswood costs $1,660 per month, which is 2.9% cheaper than the national average of $1,710 and 11.4% more than the state average of $1,470.

Can I afford Collingswood?
To live comfortably in Collingswood (zip 08108), New Jersey, a minimum annual income of $72,000 for a family, and $55,200 for a single person is recommended.

What does A.I. say about Collingswood?
Collingswood, NJ (08108) is a beautiful area that has a surprisingly affordable cost of living. The median home value is around $241,700 which is lower than the national average. Renting also tends to be cheaper than most areas as the median rent price sits at around $1,397 per month. The cost of food and groceries is slightly higher than the national average, but overall still remains competitive. Public transport also costs less than many other cities with monthly passes costing around $80-$90 dollars. All in all, Collingswood is an ideal place to live or visit due to its lower cost of living and attractions on offer.
   Cost of living score
     CategoriesCollingswoodNew JerseyUnited States
  94.2119.8100.0
  105.8105.8100
  95.196.9100.0
  116.7136.4100.0
  $375,400$432,100$338,100
  113.8%109.2%100.0%
  91.0127.7100.0
  100.8112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime