Housing costs in Mount Laurel?
A typical home costs
$325,000, which is 3.9% less expensive than the national average of
$338,100 and 24.8% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Mount Laurel costs
$1,910 per month, which is 33.6% more than the national average of
$1,430 and 10.5% more than the state average of
$1,710.
Can I afford Mount Laurel?
To live comfortably in Mount Laurel, New Jersey, a minimum annual income of
$62,280 for a family, and
$63,200 for a single person is recommended.
What does A.I. say about Mount Laurel?
The cost of living in Mount Laurel, NJ is slightly higher than the national average. Housing expenses are particularly high, with median home values at $264,400 and median rent prices of $1,872 per month. Other costs such as groceries, utilities and transportation are also slightly higher than the national average. Despite this, Mount Laurel has a relatively strong job market which helps to offset some of these costs.