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Camden County has the Lowest Cost of Living in New Jersey

The baseline of $3,224 for the modest monthly cost of living in Camden County lowest in New Jersey

(The Center Square) – Residents of New Jersey's Camden County need to make $3,224 every month to maintain a modest standard of living, making it the least expensive place in the state to live, according to an analysis from 24/7 Wall St. 6a00d8341bf7d953ef022ad3cd4476200b-200pi

The Economic Policy Institute’s Family Budget Calculator was used to determine the local cost of living, which includes housing, food, health care, transportation, and other necessities. In many of the locations examined in the study – which identified the region in each state where the cost of living is lowest – housing costs can account for less than 15 percent of total living expenses.

The monthly housing cost in Camden County was $823. And the median household income in the region stood at $67,118.

The May 2020 jobless rate there was 15 percent. Unemployment rates in half of the most affordable counties were above the 13 percent national average during the coronavirus pandemic, the website reported. And local population growth in recent years in many of these regions was less than the U.S. average.

The 24/7 Wall St. analysis ranked counties by estimating the cost of living for a single adult resident to have a modest quality of life.

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Least Expensive Region in Each State

State County / Region Monthly Cost of Living Monthly Housing Costs Median Household Income May 2020 Jobless Rate
Alabama Dale County $2,739 $420 $45,960 7.4%
Alaska Aleutians East Borough $3,336 $783 $69,706 15.8%
Arizona Pima County $2,881 $568 $51,037 8.4%
Arkansas Craighead County $2,620 $458 $45,868 8.5%
California Merced County $2,946 $565 $50,129 16.5%
Colorado Pueblo County $2,922 $600 $44,634 9.2%
Connecticut Hartford County $3,192 $773 $72,321 9.2%
Delaware Sussex County $3,201 $622 $60,853 16.0%
Florida Baker County $2,741 $493 $61,769 7.7%
Georgia Marion County $2,674 $385 $44,309 6.2%
Hawaii Hawaii County $3,719 $823 $59,297 21.1%
Idaho Bannock County $2,729 $479 $49,739 7.6%
Illinois Alexander County $2,731 $304 $34,709 14.1%
Indiana Elkhart County $2,665 $519 $55,399 11.9%
Iowa Black Hawk County $2,685 $517 $52,688 11.6%
Kansas Wyandotte County $2,741 $546 $44,873 14.0%
Kentucky Pulaski County $2,620 $443 $37,921 11.8%
Louisiana Caddo Parish $2,813 $566 $40,866 14.0%
Maine Androscoggin County $3,103 $634 $51,412 9.2%
Maryland Baltimore City $2,803 $730 $48,840 11.1%
Massachusetts Hampden County $3,121 $744 $53,403 18.0%
Michigan Bay County $2,657 $502 $48,005 20.0%
Minnesota Benton County $2,829 $484 $56,357 9.7%
Mississippi Coahoma County $2,685 $455 $30,009 15.1%
Missouri St. Louis City $2,625 $578 $41,107 13.5%
Montana Custer County $3,025 $514 $55,841 6.5%
Nebraska Dodge County $2,870 $487 $53,101 3.8%
Nevada Nye County $2,796 $537 $45,711 15.1%
New Hampshire Coos County $3,066 $669 $45,696 17.9%
New Jersey Camden County $3,224 $823 $67,118 15.0%
New Mexico Bernalillo County $2,605 $569 $51,643 9.2%
New York Orleans County $2,947 $523 $51,843 11.6%
North Carolina Person County $2,995 $468 $48,811 13.4%
North Dakota Cass County $2,683 $542 $62,031 7.8%
Ohio Lucas County $2,503 $478 $46,924 18.7%
Oklahoma Choctaw County $2,880 $476 $32,129 13.5%
Oregon Douglas County $2,913 $506 $45,812 14.7%
Pennsylvania Lawrence County $2,664 $494 $48,860 13.6%
Rhode Island Providence County $2,939 $775 $55,233 17.1%
South Carolina Chesterfield County $2,788 $452 $40,033 10.3%
South Dakota Beadle County $2,791 $460 $51,700 6.2%
Tennessee Grainger County $2,626 $420 $42,997 10.3%
Texas Cameron County $2,531 $564 $37,132 16.0%
Utah Cache County $2,754 $467 $56,840 4.8%
Vermont Orleans County $3,370 $627 $47,915 16.6%
Virginia Danville City $2,694 $505 $36,301 12.7%
Washington Spokane County $2,617 $539 $54,852 15.1%
West Virginia Brooke County $2,782 $449 $49,772 13.2%
Wisconsin Sheboygan County $2,770 $488 $58,943 12.5%
Wyoming Hot Springs County $3,028 $511 $51,875 6.8%

Source: 24/7 Wall St.

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