| Index | Bellmawr | New Jersey | National |
| Cost of living | 107 | 125 | 100 |
| Groceries | 108 | 108 | 100 |
| Health care | 112 | 112 | 100 |
| Housing | 98 | 157 | 100 |
| Transportation | 111 | 114 | 100 |
| Utilities | 110 | 111 | 100 |
| Lifestyle & Entertainment | 113 | 113 | 100 |
| Household Items | 109 | 107 | 100 |
| Education & Childcare | 115 | 120 | 100 |
Getting a feel for the cost of living in Bellmawr is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Bellmawr is 107, which is 7% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Bellmawr aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Bellmawr residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Wondering if Bellmawr is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Bellmawr, for example, the median home price is 5.1% lower than what folks pay nationally, and monthly rent is 3.5% higher than the usual rates. Plus, income levels matter too, with Bellmawr boasting a median household income of $89,293, which is 9.8% higher than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Bellmawr, healthcare costs are 11.6% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Bellmawr, the groceries index is 7.6% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
The Bellmawr cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $105,828 | $8,819 | $2,469 | $3,175 |
| Renters | $71,532 | $5,961 | $1,669 | $2,146 |
| State | General Sales Tax | With Max Surtax |
| New Jersey | 6.625% | 12.625% |
| State | Income Tax (Low) | Income Tax (High) |
| New Jersey | 1.4% | 10.75% |
| City | Population | Cost of Living Index | National Avg. |
| Pine Valley, NJ | 11 | 111 | 10.6% |
| Tavistock, NJ | 5 | 111 | 10.6% |
| Prospect Park CDP, PA | 233 | 79 | 21.0% |
| Audubon Park, NJ | 1,003 | 92 | 7.9% |
| Chester, PA | 35,117 | 86 | 13.9% |
| Bellmawr, NJ | 11,664 | 107 | 6.7% |
| City | Population | Cost of Living Index | National Avg. |
| Minnehaha, WA | 11,665 | 126 | 25.8% |
| Fort Morgan, CO | 11,666 | 105 | 4.9% |
| Guthrie, OK | 11,666 | 90 | 10.0% |
| Fort Meade, MD | 11,661 | 145 | 44.8% |
| Estevan, SK | 11,667 | n/a | |
| Bellmawr, NJ | 11,664 | 107 | 6.7% |
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