Medford Lakes, NJ Cost of Living


3 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Medford Lakes cost of living score
104.9
More expensive
4.9% higher
than the US average
12.4% lower
than the New Jersey average
Medford Lakes, New Jersey gets a BestPlaces Cost of Living score of 104.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.9% higher than the U.S. average and 12.4% higher than the average for New Jersey.

Medford Lakes, NJ

Housing costs in Medford Lakes?
A typical home costs $409,500, which is 21.1% more expensive than the national average of $338,100 and 5.2% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Medford Lakes costs $1,780 per month, which is 24.5% more than the national average of $1,430 and 3.9% more than the state average of $1,710.

Can I afford Medford Lakes?
To live comfortably in Medford Lakes, New Jersey, a minimum annual income of $78,480 for a family, and $59,200 for a single person is recommended.

What does A.I. say about Medford Lakes?
The cost of living in Medford Lakes, NJ is slightly above the national average. Housing costs in particular are higher than many other areas in the nation, with median home prices reaching around $400,000. Groceries, transportation and health care are all fairly affordable, however. Although taxes are higher than average due to the proximity to Philadelphia and New York City, the overall cost of living remains reasonable. With its picturesque landscapes and charming atmosphere, Medford Lakes is an attractive option for families who seek a peaceful lifestyle at an accessible price point.
   Cost of living score
     CategoriesMedford LakesNew JerseyUnited States
  104.9119.8100.0
  108.3105.8100
  96.496.9100.0
  127.5136.4100.0
  $409,500$432,100$338,100
  113.0%109.2%100.0%
  114.1127.7100.0
  118.2112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Medford Lakes
    See all (3)

Over 15 years ago

Thanks  More

   |    Reply

Over 18 years ago

Maywood - Family oriented good schools pleasant to walk  More

   |    Reply

Over 19 years ago

Actually a very nice town about 20 miles from Philadelphia. Ranges from middle class to upper middle class to filthy, stinking rich! Philly sports folks, executives,  More

   |    Reply

Start Your Review of Medford Lakes

Crime
Compare Medford Lakes, NJ cost of living
Compare food, housing, utilities, and more in Medford Lakes, New Jersey to any other city in the US.