Cost of Living in Runnemede, NJ

Population 8,310 · New Jersey · Data vintage 2023

85
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Runnemede offers a notably favorable income-to-housing ratio for its region. The typical home — $218,000 — costs less than 2.2 times median household income of $100,366, a threshold many coastal markets passed a decade ago. Unemployment has stayed elevated relative to the national figure — 7.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 11 miles south of Philadelphia, Runnemede falls within that metro's commuting orbit. Housing prices track closely with Philadelphia's $232,000 median.

Cost Overview

Housing 71
Rent 105

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

About the Cost of Living in Runnemede

The median home value in Runnemede is $217,500 — 29% below the national median of $305,000. Median rent runs $1,383/month, 5% higher than the national median of $1,314/month. The median household income of $100,366/year is 35% higher than the US median of $74,580. The local unemployment rate is 7.0%, 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, Runnemede has a cost of living index of 85 versus the US average of 100, meaning it is 15% less expensive.

🏠 Housing

Median Home Value
$217,500
29% below avg
Zillow Home Value
$1,224,148
Zillow ZHVI
Median Rent
$1,383/mo
5% above avg
Price-to-Rent Ratio
13.1x
Favors buying
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 71.3%
Renter-occupied 28.7%

💰 Estimated Monthly Budget

Rent median rent
$1,383
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,997/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
28.0 min
4% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.1%

Commute Mode

Drove alone
76.1%
Carpooled
8.6%
Public transit
1.4%
Walked
2.2%
Bicycle
0.5%
Work from home
10.1%

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
$100,366
35% above avg
Per Capita Income
$41,912
Unemployment Rate
7.0%
45% above avg
Poverty Rate
9.6%
Labor Force Participation
69.0%

🎓 Education

Bachelor's degree+ 19.5%
Graduate degree 5.5%

👥 Demographics

Median Age 36.1
Male median age 35.3
Female median age 36.6

🌤 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

Frequently Asked Questions

What is the cost of living in Runnemede, NJ?

Runnemede has a cost index of 85 (100 = national average). It is 15% below the national average.

What is average rent in Runnemede, NJ?

The median gross rent in Runnemede is $1,383 per month based on 2023 Census data.

What is the average home price in Runnemede?

The median home value in Runnemede is $217,500 according to Zillow and Census data.

What is the median income in Runnemede?

The median household income in Runnemede is $100,366 per year (2023 ACS 5-year estimates).

What is the sales tax in Runnemede, NJ?

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

Is Runnemede, NJ affordable?

Yes, Runnemede is generally considered affordable, with a cost of living index of 85 — about 15% below the US national average of 100.

What is the weather like in Runnemede?

Runnemede 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.

Runnemede at a Glance

Population
8,310
Median Income
$100,366
Home Value
$217,500
Median Rent
$1,383/mo
Unemployment
7.0%
Avg High Temp
65.2°F
Sales Tax
6.6%
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