Collingswood, NJ

Average · 108

New Jersey · Population 14,163 · Updated March 2026

$1,420
Median Rent / Month
$83,917
Median Income
$346,300
Median Home Value
$1,649
Owner Costs / Month

Affordability

How far your income goes in Collingswood

20.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$17,040
Annual Rent
$9,021
State Income Tax
$7,722
Property Tax (est.)

Cost of Living Overview

Collingswood is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 108 (where 100 equals the national median), Collingswood residents can expect to pay median rent of $1,420/month while earning a median household income of $83,917/year.

The median home value in Collingswood, NJ is $346,300, with typical monthly owner costs around $1,649 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Collingswood.

Frequently Asked Questions

Common questions about living costs in Collingswood

What is the cost of living in Collingswood, NJ?
The cost of living index in Collingswood, NJ is 108 (US average = 100). Median monthly rent is $1,420, median household income is $83,917/year, and the median home value is $346,300.
Is Collingswood, NJ affordable?
No, Collingswood is more expensive than the national average with a cost index of 108. The rent-to-income ratio is 20.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Collingswood, NJ?
The median gross rent in Collingswood, NJ is $1,420 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,040.
What is the median household income in Collingswood?
The median household income in Collingswood, NJ is $83,917 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.