Cost of Living in Medford Lakes, NJ
Population 4,267 · New Jersey · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Medford Lakes a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $368,000.
Geographically, Medford Lakes sits roughly 20 miles southeast of Philadelphia. Median home values run roughly 58% higher than Philadelphia's $232,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Medford Lakes
The median home value in Medford Lakes is $368,200 — 21% above the national median of $305,000. Median rent runs $2,136/month, 63% higher than the national median of $1,314/month. The median household income of $151,190/year is 103% higher than the US median of $74,580. The local unemployment rate is 3.6%, below 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 64.4°F and lows of 44.5°F. Overall, Medford Lakes has a cost of living index of 137 versus the US average of 100, meaning it is 37% more expensive.
Medford Lakes has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 41 | 44 | 52 | 64 | 73 | 82 | 87 | 85 | 78 | 66 | 56 | 46 |
| Low °F | 25 | 26 | 33 | 42 | 51 | 61 | 66 | 64 | 57 | 46 | 36 | 29 |
| Precip" | 2.97 | 2.57 | 3.83 | 3.37 | 2.95 | 3.73 | 5.19 | 4.40 | 3.39 | 3.67 | 2.98 | 3.74 |
Frequently Asked Questions
What is the cost of living in Medford Lakes, NJ?
Medford Lakes has a cost index of 137 (100 = national average). It is 37% above the national average.
What is average rent in Medford Lakes, NJ?
The median gross rent in Medford Lakes is $2,136 per month based on 2023 Census data.
What is the average home price in Medford Lakes?
The median home value in Medford Lakes is $368,200 according to Zillow and Census data.
What is the median income in Medford Lakes?
The median household income in Medford Lakes is $151,190 per year (2023 ACS 5-year estimates).
What is the sales tax in Medford Lakes, NJ?
The combined state and local sales tax rate in Medford Lakes is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Medford Lakes, NJ affordable?
Medford Lakes is above average in cost of living, with an index of 137 — about 37% higher than the national average.
What is the weather like in Medford Lakes?
Medford Lakes has average high temperatures of 64.4°F and average lows of 44.5°F. Annual precipitation is 42.8". Data from NOAA 1991–2020 Climate Normals.
Medford Lakes at a Glance
- Population
- 4,267
- Median Income
- $151,190
- Home Value
- $368,200
- Median Rent
- $2,136/mo
- Unemployment
- 3.6%
- Avg High Temp
- 64.4°F
- Sales Tax
- 6.6%
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