Cost of Living in Moorestown-Lenola, NJ

Population 14,523 · New Jersey · Data vintage 2023

150
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Moorestown-Lenola sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Located 10 miles east of Philadelphia, Moorestown-Lenola falls within that metro's commuting orbit. Median home values run roughly 130% higher than Philadelphia's $232,000.

Cost Overview

Housing 175
Rent 113

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

About the Cost of Living in Moorestown-Lenola

The median home value in Moorestown-Lenola is $533,400 — 75% above the national median of $305,000. Median rent runs $1,487/month, 13% higher than the national median of $1,314/month. The median household income of $134,167/year is 80% higher than the US median of $74,580. The local unemployment rate is 4.9%, 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 64.4°F and lows of 44.5°F. Overall, Moorestown-Lenola has a cost of living index of 150 versus the US average of 100, meaning it is 50% more expensive.

🏠 Housing

Median Home Value
$533,400
75% above avg
Median Rent
$1,487/mo
13% above avg
Price-to-Rent Ratio
29.9x
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 81.7%
Renter-occupied 18.3%

💰 Estimated Monthly Budget

Rent median rent
$1,487
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,101/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
26.4 min
2% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.3%

Commute Mode

Drove alone
70.5%
Carpooled
4.2%
Public transit
3.0%
Walked
1.1%
Bicycle
0.3%
Work from home
20.3%

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
$134,167
80% above avg
Per Capita Income
$79,661
Unemployment Rate
4.9%
2% above avg
Poverty Rate
6.9%
Labor Force Participation
62.2%

🎓 Education

Bachelor's degree+ 35.2%
Graduate degree 29.1%

👥 Demographics

Median Age 45.8
Male median age 44.5
Female median age 46.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.4°F
Avg Low
44.5°F
Annual Precip
42.8"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 414452647382878578665646
Low °F 252633425161666457463629
Precip" 2.972.573.833.372.953.735.194.403.393.672.983.74

Frequently Asked Questions

What is the cost of living in Moorestown-Lenola, NJ?

Moorestown-Lenola has a cost index of 150 (100 = national average). It is 50% above the national average.

What is average rent in Moorestown-Lenola, NJ?

The median gross rent in Moorestown-Lenola is $1,487 per month based on 2023 Census data.

What is the average home price in Moorestown-Lenola?

The median home value in Moorestown-Lenola is $533,400 according to 2023 Census ACS data.

What is the median income in Moorestown-Lenola?

The median household income in Moorestown-Lenola is $134,167 per year (2023 ACS 5-year estimates).

What is the sales tax in Moorestown-Lenola, NJ?

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

Is Moorestown-Lenola, NJ affordable?

Moorestown-Lenola is above average in cost of living, with an index of 150 — about 50% higher than the national average.

What is the weather like in Moorestown-Lenola?

Moorestown-Lenola 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.

Moorestown-Lenola at a Glance

Population
14,523
Median Income
$134,167
Home Value
$533,400
Median Rent
$1,487/mo
Unemployment
4.9%
Avg High Temp
64.4°F
Sales Tax
6.6%
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Explore county-level cost of living data

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