How Rich is Moorestown, NJ?

Imagine walking through a charming town where tree-lined streets meet well-maintained homes, where local businesses buzz softly in the background, and where the sense of community is as strong as the financial undercurrents that support it. Welcome to Moorestown, NJ – a township that doesn’t just look good; it ranks impressively when talking about income, wealth, and living standards.

Today, we’re diving into the numbers to uncover how rich Moorestown, NJ really is. Spoiler: it might just surprise you — in a good way.

Moorestown, NJ Income: Setting the Scene

Let’s begin with the basics. According to the latest data gathered by World Population Review, Moorestown, NJ boasts a median household income of approximately $127,000 as of the most recent reports. Now, if you’re thinking, “Well, that sounds decent,” you’re right — but it’s actually well above New Jersey’s state median, which hovers closer to $85,000.

To put that in perspective:

• Moorestown New Jersey income is roughly 50% higher than the state median. That’s like ordering a cheeseburger and getting a gourmet multi-layered masterpiece instead.

• The average per capita income also shows a healthy figure, highlighting individual earning power alongside household wealth.

• The township’s demographics include mostly mid-to-upper-income families, reflecting a community where financial stability is common.

What Drives Moorestown’s Wealth?

When analyzing the income profiles of Moorestown residents, several key factors come into focus:

1. Diverse Employment Hubs Nearby

Moorestown’s proximity to Philadelphia and other business centers provides a steady stream of high-paying jobs, from finance and healthcare to technology and education. Many residents commute to these hubs, bringing home that paycheck gold.

2. Thriving Local Economy

The town itself supports a variety of small businesses, retail shops, and service providers that thrive thanks to the disposable income of locals. When the average household can afford a dinner out regularly and still save for the future, local businesses flourish.

3. Experienced Workforce and Age Profile

The average age in Moorestown hovers around 40 years, indicating a mature workforce in peak earning years. This age bracket coincides with the accumulation phase of wealth in life—think: career stability, homeownership, and investment growth.

How Does Moorestown Stack Up in New Jersey?

If we zoom out and compare Moorestown, NJ to other New Jersey townships and cities, the story becomes even more interesting.

• Towns like Moorestown, Cherry Hill, and Marlton tend to cluster in the upper-middle income echelons of the state.

• For example, Cherry Hill’s median income sits near $94,000, still impressive but noticeably lower than Moorestown’s striking $127,000.

• Larger cities like Newark or Paterson have median incomes closer to $40,000-$50,000, reflecting different economic realities.

So, in New Jersey terms, Moorestown is “walking the high-income talk.”

The Real Estate Angle: Wealth Reflected in Property

Where money talks loudest? Real estate.

Moorestown’s housing market offers a variety of well-kept homes with median property values that consistently trend above $400,000. This indicates a robust real estate scene fueled by those strong incomes. Homes here aren’t just places to live — they’re investments beckoning steady appreciation.

Quick stats:

• Median home value: Around $450,000

• Homeownership rate: Approximately 80%

• Typical property styles: Colonials, ranches, and modern family homes

Living here is an indicator that Moorestown’s income isn’t just numbers on paper — it affects lifestyle choices.

Case Study: The Impact of Income on Community Services

A question some ask is, “How does Moorestown’s income level benefit the community?”

Well, financially stable communities typically enjoy:

• Well-funded public services (think libraries, parks, and recreational facilities).

• More opportunities for local cultural events and arts.

• Strong support for infrastructure and community programs.

Moorestown fits this mold clearly. While it respects all residents equally—no exclusivity disclaimer here—it thrives on the financial contributions that local earnings bring to the township’s overall well-being.

Debunking Myths About Small-Town Income

Now, don’t confuse “rich” with “out-of-reach.” Moorestown, NJ income levels suggest the town has a comfortable mix — with opportunities for many working and professional classes to enjoy a good quality of life without needing to win the lottery.

If you’re someone looking for hometown charm combined with financial prosperity, Moorestown offers an attractive blend.

Frequently Asked Questions About Moorestown’s Income

1. What is the average household income in Moorestown, NJ?

It’s about $127,000, considerably above New Jersey’s median.

2. How does Moorestown’s income compare with neighboring towns?

Moorestown outpaces neighbors like Cherry Hill, with an income level roughly 35%-40% higher.

3. What kind of jobs do residents hold?

Common sectors include healthcare, finance, education, and management roles, many commuting nearby.

4. Does Moorestown’s income level reflect in property prices?

Yes, property values here tend to be higher, with median home prices around $450,000.

5. Is Moorestown affordable for middle-income families?

While on the higher end income-wise, opportunities exist for a range of income levels, reflecting a mixed economic base.

Why Understanding Moorestown New Jersey Income Matters to You

Whether you’re:

• Considering moving here,

• Investing in real estate, or

• Just curious about township economics,

knowing the income landscape helps frame your decisions realistically. Moorestown stands tall as an affluent township with a balanced lifestyle - financially vibrant but not inaccessible.

Before You Go…

If Moorestown’s financial profile piqued your interest and you’d like to explore housing options typical for its income profile or better understand local market trends, feel free to reach out!

Remember, while this blog shares insightful data on Moorestown New Jersey income, always consult licensed financial or real estate advisors before making investment choices.

📞 Contact: Kathleen 'Kat' Quarterman
📍 Title: Realtor
📲 Phone: (856) 283-2338
📧 Email: [email protected]
🌐 Website: quartermangroup.com

Explore more about Moorestown, stay curious, and keep chasing that dream home! Have questions or stories about Moorestown’s economic scene? Drop a comment below or share this blog with friends hunting for their next community.

Cheers to thriving in Moorestown, NJ — where prosperity and charm meet!