Cost of Living in Blackwood, NJ

With a cost of living index of 97, Blackwood, NJ is slightly more affordable than average. Living here is 3% cheaper than the national average and 31% below the New Jersey state average of 128. Blackwood is a small community of 4,615 residents.

Housing costs are the biggest factor in Blackwood's cost of living. The median monthly rent is $1,384 (5% above the US median of $1,319), and the median home value sits at $231,000 (24% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Blackwood is $81,154, which is 8% higher than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.