Magnolia, NJ vs Pennsville, NJ

Magnolia, NJ and Pennsville, NJ have a very similar cost of living, with only a 2.3% difference in their overall index. Magnolia scores 90 while Pennsville scores 88 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Magnolia is $1,204/month compared to $1,225/month in Pennsville — a 2% difference. Interestingly, home values tell a different story: while Magnolia has cheaper rent, Pennsville actually has lower median home values ($188,100 vs $221,100).

Median household income in Magnolia is $89,489 compared to $75,162 in Pennsville (+19.1%). While Magnolia is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Magnolia spend roughly 16.1% of their income on rent, less than the 19.6% in Pennsville.