Living in Merchantville, New Jersey
Cost of living, income, home prices, rent and demographics of Merchantville · Census data 2020–2024
Merchantville has 3,905 residents with a median age of 36.2. The median household income is $90,706 (12% lower than the New Jersey median), the median home value is $331,000, the median rent is $1,212/month.
Merchantville at a glance
- Population
- 3,905
- Median age
- 36.2State: 40.1
- Median household income
- $90,706State: $103,556
- Median home value
- $331,000State: $454,400
- Median rent
- $1,212/moState: $1,720
- Homeowners
- 56.9%
- Bachelor's degree or higher
- 34.3%
- Average commute
- 25 min
Is Merchantville a good place to live?
Pros: Home values 27% lower than the state median; an average commute of 25 minutes; unemployment of 3.1%.
Cons: Median household income 12% lower than the New Jersey median; a poverty rate of 16.7%.
The weather is best in May–June and August–September.
Cost of living in Merchantville
Housing is the biggest part of the cost of living. In Merchantville the median home value is $331,000, about the same as the U.S. median. Renters pay a median of $1,212 per month, which is 24.8% of household income. Homeowners with a mortgage pay $2,318 a month in housing costs.
Merchantville median household income
The median household income in Merchantville is $90,706 and the income per person is $48,885. 16.7% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Merchantville: homes for sale and rent
- Housing units
- 1,641
- Owner-occupied
- 56.9%
- Renter-occupied
- 43.1%
- Vacant
- 7.4%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.56
Merchantville demographics
- Population
- 3,905
- Median age
- 36.2
- Under 18
- 24.3%
- 65 and older
- 14.5%
- Households
- 1,520
- Foreign-born
- 5.9%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Merchantville ›
Education in Merchantville
34.3% of adults 25 and older in Merchantville have a bachelor's degree or higher (New Jersey: 43.6%), and 12.2% have a graduate or professional degree.
Jobs and commute in Merchantville
- Unemployment rate
- 3.1%State: 6.3%
- Average commute
- 25 minState: 31 min
- Work from home
- 20.4%
- Drive alone
- 68%
- Public transit
- 0.9%
- Walk to work
- 0.7%
- Homes with broadband
- 87.2%
Merchantville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Merchantville | 3,905 | $90,706 | $331,000 | $1,212 |
| Golden Triangle | 5,765 | $103,558 | $320,400 | $2,506 |
| Pennsauken | 37,275 | $87,680 | $232,900 | $1,209 |
| Cherry Hill Mall | 14,541 | $103,708 | $341,200 | $2,132 |
| Collingswood | 14,205 | $90,184 | $380,400 | $1,488 |
| Westmont | 14,195 | $115,317 | $422,200 | $1,754 |
| Maple Shade | 20,076 | $78,904 | $250,200 | $1,638 |
| Ellisburg | 4,829 | $90,417 | $330,900 | $1,510 |
| Haddon | 15,469 | $115,298 | $406,900 | $1,745 |
More for people moving to Merchantville
Merchantville ZIP code ›Weather and climate ›Living in Merchantville: FAQ
What is the median household income in Merchantville, NJ?
The median household income in Merchantville is $90,706, 12% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Merchantville?
The median home value in Merchantville is $331,000, compared with $454,400 in New Jersey.
How much is rent in Merchantville?
The median gross rent in Merchantville is $1,212 per month, about 24.8% of household income.
Is Merchantville, NJ a good place to live?
Pluses: home values 27% lower than the state median; an average commute of 25 minutes; unemployment of 3.1%. Minuses: median household income 12% lower than the New Jersey median; a poverty rate of 16.7%.
What is the median age in Merchantville?
The median age in Merchantville is 36.2 years (New Jersey: 40.1).
How long is the commute in Merchantville?
The average commute to work in Merchantville is 25 minutes; 20.4% of workers work from home.
What is the unemployment rate in Merchantville?
The unemployment rate in Merchantville is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Merchantville?
34.3% of adults in Merchantville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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