Cost of Living in Westmont, NJ

Population 13,870 · New Jersey · Data vintage 2023

126
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Westmont 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. Unemployment has stayed elevated relative to the national figure — 9.8% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Westmont sits roughly 8 miles southeast of Philadelphia — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 61% higher than Philadelphia's $232,000.

Cost Overview

Housing 123
Rent 132

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

About the Cost of Living in Westmont

The median home value in Westmont is $374,300 — 23% above the national median of $305,000. Median rent runs $1,728/month, 32% higher than the national median of $1,314/month. The median household income of $111,589/year is 50% higher than the US median of $74,580. The local unemployment rate is 9.8%, 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, Westmont has a cost of living index of 126 versus the US average of 100, meaning it is 26% more expensive.

🏠 Housing

Median Home Value
$374,300
23% above avg
Median Rent
$1,728/mo
32% above avg
Price-to-Rent Ratio
18.1x
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 64.9%
Renter-occupied 35.1%

💰 Estimated Monthly Budget

Rent median rent
$1,728
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,342/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
29.2 min
8% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.9%

Commute Mode

Drove alone
62.9%
Carpooled
2.6%
Public transit
7.5%
Walked
1.0%
Bicycle
0.5%
Work from home
24.9%

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
$111,589
50% above avg
Per Capita Income
$56,504
Unemployment Rate
9.8%
103% above avg
Poverty Rate
6.5%
Labor Force Participation
71.7%

🎓 Education

Bachelor's degree+ 35.0%
Graduate degree 23.9%

👥 Demographics

Median Age 40.9
Male median age 40.3
Female median age 41.8

🌤 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

97%
4-Year Graduation Rate
14:1
Student-teacher ratio
7
Public schools
2,087
Total enrollment

Frequently Asked Questions

What is the cost of living in Westmont, NJ?

Westmont has a cost index of 126 (100 = national average). It is 26% above the national average.

What is average rent in Westmont, NJ?

The median gross rent in Westmont is $1,728 per month based on 2023 Census data.

What is the average home price in Westmont?

The median home value in Westmont is $374,300 according to 2023 Census ACS data.

What is the median income in Westmont?

The median household income in Westmont is $111,589 per year (2023 ACS 5-year estimates).

What is the sales tax in Westmont, NJ?

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

Is Westmont, NJ affordable?

Westmont is above average in cost of living, with an index of 126 — about 26% higher than the national average.

What is the weather like in Westmont?

Westmont 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.

Westmont at a Glance

Population
13,870
Median Income
$111,589
Home Value
$374,300
Median Rent
$1,728/mo
Unemployment
9.8%
Avg High Temp
65.2°F
Sales Tax
6.6%
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