Zip 08054 (Mount Laurel, NJ) Cost of Living


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Mount Laurel cost of living score
104.9
More expensive
4.9% higher
than the US average
12.4% lower
than the New Jersey average
Mount Laurel (zip 08054), 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 08054 (Mount Laurel, NJ)

Housing costs in Mount Laurel?
A typical home costs $315,600, which is 6.7% less expensive than the national average of $338,100 and 27.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Mount Laurel costs $1,830 per month, which is 28.0% more than the national average of $1,430 and 6.6% more than the state average of $1,710.

Can I afford Mount Laurel?
To live comfortably in Mount Laurel (zip 08054), New Jersey, a minimum annual income of $60,480 for a family, and $60,800 for a single person is recommended.

What does A.I. say about Mount Laurel?
The cost of living in 08054 Mount Laurel, NJ is quite reasonable. The average home costs around $250,000, with the median rent hovering around $1,550 a month. Groceries and transportation are also reasonably priced compared to other areas in New Jersey. Additionally, taxes are relatively low compared to other states in the region. All of these factors make 08054 an ideal place to call home and live comfortably without breaking the bank.
   Cost of living score
     CategoriesMount LaurelNew JerseyUnited States
  104.9119.8100.0
  105105.8100
  96.496.9100.0
  97.1136.4100.0
  $315,600$432,100$338,100
  116.0%109.2%100.0%
  113.9127.7100.0
  117.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime