Cost of Living in Palermo, NJ

With a cost of living index of 107, Palermo, NJ is somewhat more expensive than average. Living here is 7% more expensive than the national average and 21% below the New Jersey state average of 128. Palermo is a small community of 2,667 residents.

The median household income in Palermo is $98,000, which is 30% higher than the national median of $75,149.

Everyday prices in the Atlantic City-Hammonton, NJ (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.