Cost of Living in Mount Laurel
Mount Laurel is approximately 1% less expensive than the national average, making it a strong value for a community with this level of schools, amenities, and location.
At a Glance
Median Home Price
$377,400
08054 zip code
Avg. Sold Price (South Jersey)
$403,793
Regional average
Property Tax Rate
~2.8%
Varies by assessed value
NJ State Income Tax
1.4% - 10.75%
Graduated rates
Sales Tax
6.625%
NJ state rate
Utility Costs
Near National Avg
Electric, gas, water
What Will Your Monthly Payment Be?
Your monthly housing cost depends on your purchase price, down payment, interest rate, and property tax assessment. Here are estimated ranges based on current market conditions.
These are estimates. Your actual payment will vary based on your specific loan terms, down payment, and insurance costs. I can connect you with a trusted lender for a precise calculation.
$200K - $300K
Townhomes & condos
$1,400 - $2,100
/month (est.)
$465 - $695
/month in taxes
$300K - $400K
Single-family starter
$2,100 - $2,800
/month (est.)
$695 - $930
/month in taxes
$400K - $550K
Move-up homes
$2,800 - $3,800
/month (est.)
$930 - $1,280
/month in taxes
$550K - $700K
Premium homes
$3,800 - $4,800
/month (est.)
$1,280 - $1,630
/month in taxes
$700K+
Luxury estates
$4,800+
/month (est.)
$1,630+
/month in taxes
How Mount Laurel Compares
| Location | Median Home Price | Median Income | Cost Index |
|---|---|---|---|
| Mount Laurel, NJ | $377,400 | $82,000 | 99 |
| National Average | $381,000 | $75,000 | 100 |
| Philadelphia, PA | $240,000 | $52,000 | 96 |
| Cherry Hill, NJ | $420,000 | $95,000 | 108 |
Cost of living index: 100 = national average. Below 100 is cheaper than average.
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