Cost of Living in Brooklawn, NJ

With a cost of living index of 94, Brooklawn, NJ is slightly more affordable than average. Living here is 6% cheaper than the national average and 34% below the New Jersey state average of 128. Brooklawn is a small community of 1,788 residents.

Housing costs are the biggest factor in Brooklawn's cost of living. The median monthly rent is $1,507 (14% above the US median of $1,319), and the median home value sits at $148,700 (51% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Brooklawn is $55,882, which is 26% lower than the national median of $75,149. Residents spend roughly 32% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.