Cost of Living in Collingswood, NJ

Population 14,163 · New Jersey · Data vintage 2023

111
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Collingswood is a smaller New Jersey community of around 14000 residents, where median household incomes of $83,917 and housing costs ($346,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 6.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 7 miles southeast of Philadelphia, Collingswood falls within that metro's commuting orbit. Median home values run roughly 49% higher than Philadelphia's $232,000.

Cost Overview

Housing 114
Rent 108

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Collingswood

The median home value in Collingswood is $346,300 — 14% above the national median of $305,000. Median rent runs $1,420/month, 8% higher than the national median of $1,314/month. The median household income of $83,917/year is 13% higher than the US median of $74,580. The local unemployment rate is 6.7%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 65.2°F and lows of 47.3°F, with about 23.1" of annual snowfall. Overall, Collingswood has a cost of living index of 111 versus the US average of 100, meaning it is 11% more expensive.

🏠 Housing

Median Home Value
$346,300
14% above avg
Zillow Home Value
$435,360
Zillow ZHVI
Median Rent
$1,420/mo
8% above avg
Zillow Rent
$1,657/mo
Zillow ZORI
Price-to-Rent Ratio
20.3x
Favors renting
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 54.4%
Renter-occupied 45.6%

💰 Estimated Monthly Budget

Rent median rent
$1,420
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,034/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
28.9 min
7% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.9%

Commute Mode

Drove alone
53.6%
Carpooled
11.8%
Public transit
11.7%
Walked
1.5%
Bicycle
0.6%
Work from home
19.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$83,917
13% above avg
Per Capita Income
$57,693
Unemployment Rate
6.7%
40% above avg
Poverty Rate
10.8%
Labor Force Participation
72.3%

🎓 Education

Bachelor's degree+ 27.3%
Graduate degree 24.3%

👥 Demographics

Median Age 39.6
Male median age 39.5
Female median age 39.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
65.2°F
Avg Low
47.3°F
Annual Precip
44.1"
Annual Snowfall
23.1"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 414453657483888679675646
Low °F 262834445464706861493931
Precip" 3.132.753.963.473.344.044.384.294.403.472.913.97
Snow" 7.18.43.60.30.00.00.00.00.00.00.23.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 50 — Good
50.4%
Good air days/yr
211
Max AQI recorded
209
PM2.5 days
149
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
11.1:1
Student-teacher ratio
8
Public schools
2,155
Total enrollment

Frequently Asked Questions

What is the cost of living in Collingswood, NJ?

Collingswood has a cost index of 111 (100 = national average). It is 11% above the national average.

What is average rent in Collingswood, NJ?

The median gross rent in Collingswood is $1,420 per month based on 2023 Census data.

What is the average home price in Collingswood?

The median home value in Collingswood is $346,300 according to Zillow and Census data.

What is the median income in Collingswood?

The median household income in Collingswood is $83,917 per year (2023 ACS 5-year estimates).

What is the sales tax in Collingswood, NJ?

The combined state and local sales tax rate in Collingswood is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Collingswood, NJ affordable?

Collingswood is above average in cost of living, with an index of 111 — about 11% higher than the national average.

What is the weather like in Collingswood?

Collingswood has average high temperatures of 65.2°F and average lows of 47.3°F. Annual precipitation is 44.1". Average annual snowfall is 23.1". Data from NOAA 1991–2020 Climate Normals.

Collingswood at a Glance

Population
14,163
Median Income
$83,917
Home Value
$346,300
Median Rent
$1,420/mo
Unemployment
6.7%
Avg High Temp
65.2°F
Sales Tax
6.6%
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