Cost of Living in Pedricktown, NJ

With a cost of living index of 101, Pedricktown, NJ is right around the national average in cost. Living here is 1% more expensive than the national average and 27% below the New Jersey state average of 128. Pedricktown is a small community of 380 residents.

Housing costs are the biggest factor in Pedricktown's cost of living. The median monthly rent is $1,635 (24% above the US median of $1,319), and the median home value sits at $187,000 (39% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Pedricktown is $72,566, which is 3% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

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.