Lawrence township (Cumberland County), NJ Cost of Living


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Lawrence township (Cumberland County) cost of living score
85.6
Less expensive
14.4% lower
than the US average
28.5% lower
than the New Jersey average
Lawrence township (Cumberland County), New Jersey gets a BestPlaces Cost of Living score of 85.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.4% lower than the U.S. average and 28.5% lower than the average for New Jersey.

Lawrence township (Cumberland County), NJ

Housing costs in Lawrence township (Cumberland County)?
A typical home costs $238,400, which is 29.5% less expensive than the national average of $338,100 and 44.8% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Lawrence township (Cumberland County) costs $1,600 per month, which is 11.9% more than the national average of $1,430 and 6.9% cheaper than the state average of $1,710.

Can I afford Lawrence township (Cumberland County)?
To live comfortably in Lawrence township (Cumberland County), New Jersey, a minimum annual income of $45,720 for a family, and $50,000 for a single person is recommended.

What does A.I. say about Lawrence township (Cumberland County)?
The cost of living in Lawrence Township (Cumberland County), NJ is relatively high compared to other cities and towns in the United States. The overall cost of living index is 110, which is 10% higher than the national average. Housing costs are especially high, with median house prices hovering around $195,000 and rent for a one bedroom apartment averaging around $1,100 per month. These numbers are significantly higher than the state average housing costs of $151,000 for a median home price and $935 for one bedroom rental. Other expenses in Lawrence Township such as healthcare, groceries, transportation, and utilities are all slightly above the national average as well. With that being said, Lawrence Township still remains an incredibly desirable location to live due to its close proximity to Philadelphia, excellent school system and overall low crime rate.
   Cost of living score
     CategoriesLawrence township (Cumberland County)New JerseyUnited States
  85.6119.8100.0
  101.5105.8100
  97.396.9100.0
  60.9136.4100.0
  $238,400$432,100$338,100
  112.1%109.2%100.0%
  91.1127.7100.0
  96.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
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