Moorestown Income, Cost Of Living, Average Household Income, New Jersey Housing, Moorestown NJ Expenses

What Is the Average Household Income and Cost of Living in Moorestown, NJ?

Considering a move to Moorestown, New Jersey, or simply curious how its finances stack up? This affluent Burlington County suburb is known for its historic charm, strong schools, and proximity to Philadelphia—but also for higher-than-average incomes and living costs. Below, we break down the average household income, the real cost of living, and what that means for everyday life and housing in Moorestown, NJ.

Average Household Income in Moorestown, NJ

When people talk about Moorestown income, they are usually referring to two main numbers: the median household income and the average (mean) household income. Both give insight into local earning power, but they tell slightly different stories about the community’s wealth and inequality.

Median Household Income: A High-Earning Community

According to the U.S. Census Bureau’s American Community Survey (2019–2023, in 2023 dollars), the median household income in Moorestown Township is about $154,368.1 Other estimates, such as World Population Review, put the median slightly higher, around $159,700.2

Either way, the message is clear: Moorestown’s median household income is well into six figures and significantly higher than both New Jersey and U.S. medians. This underscores its reputation as one of the more affluent suburban communities in the region.

Average (Mean) Household Income: Even Higher at the Top

The average household income in Moorestown is even more striking. Sources like Hometown Locator and Point2Homes estimate the mean at roughly $233,000 to $240,000 per year as of 2024.3 That’s substantially above the median, suggesting that a segment of households earn very high incomes—enough to pull the average up far beyond the midpoint.

For anyone comparing communities, this means Moorestown doesn’t just have a comfortable middle; it also has a sizable group of high-earning professionals, executives, and business owners. When people ask, “What is the average household income in Moorestown?” the realistic range to keep in mind is:

• Median household income: roughly $154,000–$160,000

• Average (mean) household income: roughly $233,000–$240,000

💡 Quick Insight: If your household income is around the U.S. median, Moorestown may feel relatively expensive. Households closer to the Moorestown median or above generally find local housing and lifestyle costs more manageable.

Cost of Living in Moorestown: How Much Does Life Here Cost?

High incomes are only half of the story. To understand real Moorestown NJ expenses, you also need to look at the cost of living. Multiple sources agree: Moorestown is noticeably more expensive than both the U.S. and New Jersey averages, primarily because of housing.

Overall Cost of Living: 14% Above National Average

Salary.com estimates that in 2026 the total cost of living in Moorestown is about 14% higher than the U.S. average and roughly 20% higher than the New Jersey state average.4 Their monthly cost estimates are:

• Around $2,830 per month for a single person

• Around $6,232 per month for a family of four

Livingcost.org provides a similar but slightly lower estimate: about $2,543 per month for one person and $5,995 for a family of four, including rent.5 Both sources place Moorestown among the more expensive communities in New Jersey and even globally—Livingcost.org notes it sits in the top 9% of priciest cities worldwide.

Housing: The Biggest Piece of Moorestown NJ Expenses

When people talk about New Jersey housing being expensive, Moorestown is often part of that conversation. Housing is the single largest driver of the local cost of living and a key reason incomes here are so high. Salary.com estimates monthly housing costs (rent plus some utilities) at about $1,512 for a single person and $2,772 for a family of four, which is roughly 26% higher than the U.S. average.4

Looking more closely at the rental market:

• HUD’s 2026 fair market rent for a 1‑bedroom in the area is about $1,710 per month, roughly 43% above the national average.6

• Apartments.com lists typical rents around $1,878 for a 1‑bedroom and about $2,075 for a 2‑bedroom.7

• RentHop reports a 2‑bedroom average around $2,500 and a 3‑bedroom near $3,600 per month, with larger homes sometimes exceeding $4,000.8

• Zillow’s broader rental index, including single‑family homes, puts the average rent closer to $3,200 per month.9

Strong incomes and high demand keep Moorestown housing values and rents well above average.

For buyers, the picture is similar. As of mid‑2026, Realtor.com reports a median listing price around $881,500, while Zillow and Trulia estimate average home values near $768,000.10 Entry‑level homes often start in the $400,000–$550,000 range, with many family‑sized properties falling between $550,000 and $750,000, and luxury or historic estates stretching well into the seven figures.

Everyday Costs: Food, Utilities, Transportation, and Healthcare

While housing is clearly the standout expense, other categories of Moorestown NJ expenses are more moderate—often only slightly above national norms and in some cases even a bit lower.

• Food: Salary.com estimates monthly food costs at about $377 for singles and $1,225 for families, around 5.8% below the national average.4 Livingcost.org’s figures are higher (around $650 for singles and $1,696 for families), but both suggest food is not the primary driver of the town’s higher cost of living.5

• Utilities and energy: Combined with transportation and healthcare, these categories run about 3% above the U.S. average, according to Salary.com.4 Think typical New Jersey utility bills, with some seasonal spikes for heating and cooling.

• Transportation: Livingcost.org estimates around $60–$160 per month, depending on household size and driving habits.5 Many residents commute to Philadelphia or other regional job centers, so fuel, tolls, and parking can add up, even if base transportation costs look modest on paper.

• Healthcare: Costs are generally in line with broader New Jersey trends—higher than many parts of the U.S., but not dramatically different from nearby suburbs.

📌 Key Takeaway: Outside of housing, Moorestown’s cost of living is closer to average. It’s the price of renting or owning a home—plus property taxes—that most sharply separates Moorestown from less expensive communities.

How Income and Cost of Living Balance Out in Moorestown

Put together, the data on Moorestown income and cost of living paint a clear picture of a high‑earning, high‑cost suburb. For many households, especially those earning near the local median or average, the trade‑off is attractive: strong schools, a historic downtown, quick access to Philadelphia, and a polished suburban lifestyle in exchange for higher housing costs and property taxes.

For households earning closer to the national median, however, Moorestown can feel financially tight. Rent or mortgage payments may consume a large share of income, leaving less room for savings and discretionary spending. That’s why it’s essential to look beyond the headline numbers and build a personal budget that accounts for:

• Your expected household income (current and projected)

• Realistic rent or mortgage payments based on current New Jersey housing prices in Moorestown

• Ongoing Moorestown NJ expenses such as commuting, childcare, and property taxes

Is Moorestown, NJ Affordable for You?

Ultimately, whether Moorestown feels affordable depends on your own financial situation and priorities. If your income is in line with the local average household income—say, above $150,000 and ideally closer to $200,000 or more—you may find the town’s higher rents and home prices manageable, especially if you value its schools, community feel, and access to regional job markets.

If your income is lower, you may want to:

• Consider smaller rentals, townhomes, or condos within Moorestown

• Look at nearby towns with somewhat lower cost of living but similar commuting options

• Carefully compare after‑tax income to realistic monthly Moorestown NJ expenses, including rent, utilities, transportation, and insurance

Moorestown’s numbers—high Moorestown income levels and elevated cost of living—reflect a community that offers a premium lifestyle at a premium price. With clear expectations, careful budgeting, and an honest look at your own finances, you can decide whether this New Jersey suburb is the right fit for your next chapter.

Sources: (1) U.S. Census Bureau ACS 2019–2023 via Neilsberg.com; (2) Worldpopulationreview.com; (3) Hometownlocator.com, Point2Homes.com; (4) Salary.com Cost of Living in Moorestown, NJ (2026); (5) Livingcost.org (2026); (6) HUD Fair Market Rent via Renewalreply.com; (7) Apartments.com rent trends; (8) RentHop.com; (9) Zillow Rental Market Trends; (10) Realtor.com, Zillow, Trulia, Scottkompa.com housing data, mid‑2026.