Housing costs in Merchantville?
A typical home costs
$246,200, which is 27.2% less expensive than the national average of
$338,100 and 43.0% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Merchantville costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 20.4% cheaper than the state average of
$1,710.
Can I afford Merchantville?
To live comfortably in Merchantville (zip 08109), New Jersey, a minimum annual income of
$47,160 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Merchantville?
The cost of living in 08109 Merchantville, NJ is much higher than the national average. According to BestPlaces's Cost of Living Index, goods and services in the area are approximately 37% more expensive than the average across the United States. Housing costs are particularly high due to limited availability and an influx of new development to the area. Renters pay on average $1,765 a month for a two-bedroom apartment while homeowners can expect to pay nearly double that amount at an average of $3,500 a month with taxes included. Despite its high cost, many people choose to live in Merchantville given its close proximity to Philadelphia and other desirable amenities like shopping centers and parks.