Zip 08057 (Moorestown-Lenola, NJ) Cost of Living


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Moorestown-Lenola cost of living score
104.9
More expensive
4.9% higher
than the US average
12.4% lower
than the New Jersey average
Moorestown-Lenola (zip 08057), 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.

Zip 08057 (Moorestown-Lenola, NJ)

Housing costs in Moorestown-Lenola?
A typical home costs $632,100, which is 87.0% more expensive than the national average of $338,100 and 46.3% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Moorestown-Lenola costs $1,630 per month, which is 14.0% more than the national average of $1,430 and 4.9% cheaper than the state average of $1,710.

Can I afford Moorestown-Lenola?
To live comfortably in Moorestown-Lenola (zip 08057), New Jersey, a minimum annual income of $120,960 for a family, and $54,000 for a single person is recommended.

What does A.I. say about Moorestown-Lenola?
The cost of living in 08057 Moorestown-Lenola, NJ is generally higher than the national average. The median home price is around $400,000, and the average rent for a one bedroom apartment here is around $1,350. Other costs like groceries, utilities, and transportation can also be on the higher end compared to other cities. In addition, income taxes are quite high in New Jersey due to its dense population and access to many amenities. All in all, living in 08057 Moorestown-Lenola can be expensive but comes with many benefits such as good schools and safety.
   Cost of living score
     CategoriesMoorestown-LenolaNew JerseyUnited States
  104.9119.8100.0
  111.2105.8100
  96.496.9100.0
  189.9136.4100.0
  $632,100$432,100$338,100
  118.5%109.2%100.0%
  110.9127.7100.0
  117.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime