F
13%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
35%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Marlton New Jersey National
Cost of living113121100
Goods & Services103106100
Groceries102102100
Health care9499100
Housing135158100
Transportation107103100
Utilities110107100

An Overview of Cost of Living in Marlton, NJ

Are you thinking about relocating, but curious about the potential cost of living in Marlton? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Marlton stands at 113, making it 13% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs are a very significant part of the Marlton cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 35% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Marlton Affordable?

Is Marlton affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Marlton, for instance, where the median home price falls 35% higher than the national average, and monthly rent rates are 34.9% higher than usual. Additionally, median income levels contribute to the equation, with Marlton flaunting a median household income of $76,929, 39.1% higher than the national norm.

What Factors can Influence the Cost of Living in Marlton?

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Marlton, the utilities index registers 10.4% 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 Marlton, the transportation index is 6.7% higher than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Marlton, the prevailing sales tax rate starts at 6.625%, and income tax rates kick off at 1.4%.

Where is the Data From?

The Marlton cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Marlton is 6% lower than the New Jersey average
  • The cost of living in Marlton is 13% higher than the national average
  • Marlton housing is 35% 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 Marlton

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Compare Marlton, NJ Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$91,801$7,650$2,142$2,754
      Renters$59,217$4,935$1,382$1,777
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Marlton, NJ, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Marlton homeowners, is $91,801. This would allow for a maximum of $2,142 per month to be spent on housing costs. For renters, the median monthly income is $59,217 which would result in a maximum of $1,382 to be spent on rental costs.

      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%

      Goods & Services

      Item Marlton National avg. Difference
      Haircut $23.54$24.263.0%
      Beauty Salon $66.27$45.5645.4%
      Toothpaste $3.65$3.701.5%
      Shampoo $1.52$1.2818.4%
      Movie $13.75$12.1313.3%
      Bowling $19.47$18.008.1%

      Groceries

      Item Marlton National avg. Difference
      Ground Beef $5.76$5.841.3%
      Fried Chicken $1.46$1.577.4%
      Milk $4.67$4.670.0%
      Potatoes $5.37$4.938.8%
      Pizza $11.73$12.092.9%
      Beer $11.99$10.4115.2%

      Health Care

      Item Marlton National avg. Difference
      Optometrist $123.50$125.681.7%
      Doctor $132.56$135.782.4%
      Dentist $103.31$113.298.8%
      Ibuprofen $11.22$10.655.3%
      Lipitor $398.10$468.6015.0%

      Housing

      Item Marlton National avg. Difference
      Home Price $249,400.00$184,700.0035.0%
      Avg. Mortgage Payment $2,169.88$2,346.697.5%
      Apartment Rent $1,280.00$949.0034.9%

      Transportation

      Item Marlton National avg. Difference
      Gasoline $3.53$3.462.0%
      Tire Balancing $70.89$59.9218.3%

      Utilities

      Item Marlton National avg. Difference
      All Electricity $222.45$193.9914.7%
      Phone $198.27$192.253.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Arcadia University, PA5951043.8%
      Pine Valley, NJ111043.8%
      Tavistock, NJ51043.8%
      Audubon Park, NJ9698712.8%
      Camden, NJ73,742919.1%
      Marlton, NJ10,17111313.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Ramara, ON10,171n/a 
      Waverly, IA10,1728911.3%
      Great Neck, NY10,17219897.9%
      Warr Acres, OK10,1698515.0%
      Saks, AL10,1758515.0%
      Marlton, NJ10,17111313.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.