| Index | Collingswood | New Jersey | National |
| Cost of living | 120 | 125 | 100 |
| Groceries | 108 | 108 | 100 |
| Health care | 112 | 112 | 100 |
| Housing | 142 | 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 |
The cost of living in Collingswood affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Collingswood is 120, which is 20% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
When it comes to the cost of living in Collingswood, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 41.7% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Wondering if Collingswood 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 Collingswood, for example, the median home price is 50.3% higher than what folks pay nationally, and monthly rent is 21.5% higher than the usual rates. Plus, income levels matter too, with Collingswood boasting a median household income of $100,259, which is 23.3% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Collingswood, healthcare costs are 11.6% higher than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Collingswood, the groceries index is 7.6% higher than the national average.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Collingswood, the transportation index is 11% higher than the national average.
The Collingswood 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 | $169,142 | $14,095 | $3,946 | $5,075 |
| Renters | $68,758 | $5,730 | $1,604 | $2,063 |
| 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% |
| Arcadia University, PA | 609 | 100 | 0.1% |
| Tavistock, NJ | 5 | 111 | 10.6% |
| Prospect Park CDP, PA | 233 | 79 | 21.0% |
| Audubon Park, NJ | 1,003 | 92 | 7.9% |
| Collingswood, NJ | 14,353 | 120 | 19.9% |
| City | Population | Cost of Living Index | National Avg. |
| Greenwood, MS | 14,347 | 82 | 17.6% |
| Waunakee, WI | 14,346 | 122 | 21.6% |
| Fort Payne, AL | 14,361 | 90 | 9.9% |
| Atlantic Beach, FL | 14,361 | 136 | 35.7% |
| North Mankato, MN | 14,344 | 102 | 1.8% |
| Collingswood, NJ | 14,353 | 120 | 19.9% |
Here are the best places to live in New Jersey
These are the largest cities in New Jersey
Safest Cities In The US
See the best places to live in Collingswood