Zip 08083 (Somerdale, NJ) Cost of Living

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Somerdale cost of living score
Less expensive
5.8% lower
than the US average
21.4% lower
than the New Jersey average
Somerdale (zip 08083), New Jersey gets a BestPlaces Cost of Living score of 94.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.8% lower than the U.S. average and 21.4% lower than the average for New Jersey.

Zip 08083 (Somerdale, NJ)

Housing costs in Somerdale?
A typical home costs $268,100, which is 20.7% less expensive than the national average of $338,100 and 38.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Somerdale costs $1,280 per month, which is 25.1% cheaper than the national average of $1,710 and 14.8% cheaper than the state average of $1,470.

Can I afford Somerdale?
To live comfortably in Somerdale (zip 08083), New Jersey, a minimum annual income of $51,480 for a family, and $42,400 for a single person is recommended.

What does A.I. say about Somerdale?
equestId:101d0fbb-e1ca-44f2-b549-e28d879330e7,resource:content,data:[{id:txt_12dc70aec1594ba0a8ac4d865f8b4ffb,text:\n \nThe cost of living in 08083 Somerdale, NJ is higher than the national average. The median home price falls around $162,000, with housing costs making up approximately 25.1% of the median household income. This is a slightly higher percentage than the national average for housing costs. In addition, prices for goods and services are also slightly higher here than in other areas. However, the city's proximity to Philadelphia and its many attractions make it well worth the extra expense.
   Cost of living score
     CategoriesSomerdaleNew JerseyUnited States

   100=National Average

   Average Rent by Bedroom Size