Collingswood, NJ vs Penns Grove, NJ

The cost of living difference between Collingswood, NJ and Penns Grove, NJ is dramatic. Penns Grove is 32.4% cheaper than Collingswood, a gap that translates to thousands of dollars per year in household expenses. Collingswood has a cost index of 107 while Penns Grove sits at 81, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Collingswood is $1,420/month compared to $1,031/month in Penns Grove — a 38% difference. Home values follow the same pattern: Penns Grove is more affordable at $170,100 median vs $346,300.

Median household income in Collingswood is $83,917 compared to $43,889 in Penns Grove (+91.2%). While Collingswood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Collingswood spend roughly 20.3% of their income on rent, less than the 28.2% in Penns Grove.