Cost of Living in Merchantville, NJ

Get 300+ Local Insights for Any Address in Merchantville, NJ

Get Access to 300+ Local Data Points
D+
13%
Overall NAT. AVG.
8%
Groceries NAT. AVG.
18%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Merchantville New Jersey National
Cost of living113125100
Groceries108108100
Health care112112100
Housing118157100
Transportation111114100
Utilities110111100
Lifestyle & Entertainment113113100
Household Items109107100
Education & Childcare115120100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Merchantville, NJ

property for sale

6532 Henwood Ave

Pennsauken, NJ
property for sale

14 Lexington Ave

Merchantville, NJ
property for sale

6904 Rogers Ave

Pennsauken, NJ
property for sale

5507 Mansion Blvd

Pennsauken, NJ

Cost Of Living Quick Facts

  • The cost of living in Merchantville is 10% lower than the New Jersey average
  • The cost of living in Merchantville is 13% higher than the national average
  • Merchantville housing is 18% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Merchantville

See all the best places to live around Merchantville

Compare Merchantville, NJ Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Merchantville?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Merchantville?
      Write a review to give others more information about this area.
      See all Merchantville poll results

      The best places in New Jersey

      Here are the best places to live in New JerseyThese are the largest cities in New JerseyMost Dangerous States In The USCheck out the 10 safest cities in New Jersey
      Best Places in New Jersey

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$138,074$11,506$3,222$4,143
      Renters$61,222$5,102$1,428$1,837
      To approximate the cost of living and the housing affordability in Merchantville, NJ, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Merchantville have a median income of $138,074. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,222 per month to avoid calamity and poverty. The renters in the city have an income of about $61,222, which would make their monthly maximum allowable rental costs $1,428.

      New Jersey Sales Tax

      State General Sales Tax With Max Surtax
      New Jersey 6.625% 12.625%

      New Jersey Income Tax

      State Income Tax (Low) Income Tax (High)
      New Jersey 1.4% 10.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Pine Valley, NJ1111110.6%
      Tavistock, NJ511110.6%
      Arcadia University, PA6091000.1%
      Prospect Park CDP, PA2337921.0%
      Audubon Park, NJ1,003927.9%
      Merchantville, NJ3,80411312.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Quitman, GA3,8048712.9%
      Hebron, IN3,804918.6%
      Sweeny, TX3,804928.3%
      Park Hill, OK3,8038415.8%
      Franklinton, LA3,8058911.3%
      Merchantville, NJ3,80411312.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026