Moorestown-Lenola, NJ

Very High · 138

New Jersey · Population 14,523 · Updated March 2026

$1,487
Median Rent / Month
$134,167
Median Income
$533,400
Median Home Value
$2,097
Owner Costs / Month

Affordability

How far your income goes in Moorestown-Lenola

13.3%
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

$17,844
Annual Rent
$14,423
State Income Tax
$11,895
Property Tax (est.)

Cost of Living Overview

Moorestown-Lenola has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 138 (where 100 equals the national median), Moorestown-Lenola residents can expect to pay median rent of $1,487/month while earning a median household income of $134,167/year.

The median home value in Moorestown-Lenola, NJ is $533,400, with typical monthly owner costs around $2,097 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.3% 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 Moorestown-Lenola.

Frequently Asked Questions

Common questions about living costs in Moorestown-Lenola

What is the cost of living in Moorestown-Lenola, NJ?
The cost of living index in Moorestown-Lenola, NJ is 138 (US average = 100). Median monthly rent is $1,487, median household income is $134,167/year, and the median home value is $533,400.
Is Moorestown-Lenola, NJ affordable?
No, Moorestown-Lenola is more expensive than the national average with a cost index of 138. The rent-to-income ratio is 13.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Moorestown-Lenola, NJ?
The median gross rent in Moorestown-Lenola, NJ is $1,487 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,844.
What is the median household income in Moorestown-Lenola?
The median household income in Moorestown-Lenola, NJ is $134,167 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%.