Cost of Living in Moorestown, NJ
A detailed breakdown of what it costs to live in Moorestown, from housing and taxes to utilities, groceries, transportation, and healthcare, with comparisons to national averages and nearby communities.
Moorestown is one of South Jersey's most desirable communities, and the cost of living reflects the premium that comes with top-rated schools, a walkable downtown, and a high quality of life. The overall cost of living index in Moorestown is approximately 133, meaning it is about 33% higher than the national average of 100.
That number tells only part of the story. Where does that premium go? Mostly into housing and property taxes, two categories where Moorestown residents get tangible value in return. Let us break down each category so you know exactly what to expect.
For a broader overview of community life, visit our complete Living in Moorestown guide.
Biggest Factor
Housing Costs in Moorestown
Housing is the single largest component of the cost of living in Moorestown, and it is where you will see the biggest difference compared to the national average. The average home value in Moorestown is approximately $687,000, with median sale prices ranging from about $720,000 to $791,000 depending on the property type and neighborhood.
Entry-level options: Condos and townhomes offer a more affordable way into the market, with prices starting around $250,000 to $300,000. Communities like The Regency and certain Lenola properties provide attractive options for first-time buyers and downsizers.
Core market: The classic Moorestown single-family home, typically a Colonial or traditional-style property on a quarter-acre lot, ranges from $550,000 to $750,000. These homes form the bulk of the market and appeal to families seeking the Moorestown school district.
Premium tier: Larger historic homes, renovated properties, and new construction in desirable neighborhoods like Stanwick Glen and Laurel Creek can range from $750,000 to well over $1.5 million.
Renters should expect to pay $1,800 to $3,000 per month for a two-bedroom apartment or townhome, depending on location and amenities.
Housing Snapshot
Taxes
Property Taxes in Moorestown
New Jersey has the highest property taxes in the nation, and Moorestown's rates are consistent with that reality. The median effective property tax rate in Moorestown is approximately 2.75% to 2.81%, compared to the national median of just 1.02%. For a home valued at $600,000, that translates to roughly $16,500 to $16,860 in annual property taxes.
Before you let that number scare you, consider what those taxes fund. Moorestown's property taxes support one of the best school districts in Burlington County, well-maintained roads and infrastructure, excellent police and emergency services, and extensive parks and recreation programs. For most residents, the value received justifies the cost.
Tax relief options: New Jersey offers several property tax relief programs that Moorestown residents may qualify for, including the ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) program, the Senior Freeze (Property Tax Reimbursement) program for seniors, and the Homestead Benefit program. Read more on our Property Taxes page.
Everyday Costs
Utilities, Groceries, Transportation and Healthcare
Utilities
The average residential electricity rate in Moorestown is around 18.39 cents per kWh, slightly above the national average of 16.77 cents. However, monthly bills tend to run lower than the national average, with typical electric bills around $105 per month compared to the national average of $143. PSE&G handles electric and gas service.
Groceries
Grocery costs in Moorestown are slightly above the national average, consistent with the broader Northeast region. Major shopping options include Acme, ShopRite, and Wegmans in nearby Cherry Hill, plus the seasonal Moorestown Farmers Market for local produce and artisan goods.
Transportation
Most Moorestown residents commute by car. Gas prices track regional averages. The 20-minute commute to Philadelphia keeps transportation costs reasonable for those working in the city. Public transit options through NJ Transit and the River LINE offer lower-cost alternatives for commuters.
Healthcare
Healthcare costs in Moorestown are in line with New Jersey averages. Major medical facilities nearby include Virtua Memorial Hospital in Mount Holly (15 minutes), Cooper University Hospital in Camden (20 minutes), and Jefferson Health in Cherry Hill (10 minutes). Several urgent care centers serve the immediate area.
By the Numbers
Cost of Living Comparison
How does Moorestown stack up against nearby communities and the national baseline? Here is a quick comparison of key cost categories:
| Category | Moorestown | National Avg | Cherry Hill | Maple Shade |
|---|---|---|---|---|
| Overall Index | 133 | 100 | ~120 | ~105 |
| Median Home Price | $720K+ | $420K | ~$500K | ~$350K |
| Prop Tax Rate | ~2.78% | 1.02% | ~2.65% | ~3.1% |
| Avg Electric Bill | ~$105/mo | ~$143/mo | ~$108/mo | ~$106/mo |
Budgeting
Is the Cost of Living Worth It?
The cost of living in Moorestown is undeniably higher than the national average and higher than many surrounding communities. But for families and individuals who value excellent schools, a safe and walkable community, beautiful homes, and proximity to Philadelphia, the premium translates directly into quality of life.
The key consideration is whether Moorestown fits your budget without overextending you. Housing is the primary cost driver, and if you can comfortably manage that, the rest of the cost of living is comparable to other top-tier South Jersey suburbs.
If you are considering a move to Moorestown, the best first step is to get a clear picture of current home prices and property taxes in your target neighborhood. Bob can help with a personalized cost analysis. Explore neighborhood options to find the right fit for your budget.
Explore More
More Moorestown Cost Guides
Property Taxes
Complete guide to Moorestown property tax rates, exemptions, and comparisons.
Home Prices
Current pricing data, trends, and neighborhood-by-neighborhood breakdown.
Real Estate Market
Current market trends, inventory, and buyer and seller insights.
Pros and Cons
Honest assessment of the advantages and drawbacks of living in Moorestown.
Best Neighborhoods
Explore Moorestown neighborhoods and find the right fit for your lifestyle.
Living in Moorestown
The complete guide to life in the Town of Quality.
Want a Personalized Cost Analysis?
Bob can help you understand exactly what home you can afford in Moorestown and which neighborhoods fit your budget.
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