Cost of Living in Beverly NJ: What to Expect in 2026

The cost of living in Beverly NJ is among the lowest on the Delaware River in Burlington County, with homes typically selling from the low $200,000s to the mid $400,000s, two-bedroom rentals running roughly $1,600 to $2,100 a month, and a rail commute to Center City Philadelphia that costs about $3.30 each way. The trade-off is property taxes: Beverly's effective tax rate is one of the highest in New Jersey. The affordability is real, but it comes with a heavier annual tax bill than most South Jersey towns, so the numbers deserve a close look before you move.

Understanding the true cost of living in Beverly is essential for making a confident financial decision. This guide breaks down the major expenses you can expect as a Beverly resident: housing costs and rent, property taxes, utilities, groceries, transportation and commuting (including the River LINE and PATCO), healthcare, and the everyday costs of life in a compact riverfront city of just under 2,500 people.

For a broader overview of the community, visit the Beverly Community Guide or read our Living in Beverly Guide, which covers the history, schools, riverfront, and community life. This article focuses specifically on the numbers: what it actually costs to call Beverly home.

How Much Does It Cost to Live in Beverly?

Housing is the biggest expense for any Beverly resident, and it is the single greatest advantage the city offers. Beverly is one of the most affordable communities in Burlington County, especially when you factor in the riverfront location and the 25 to 30 minute drive to Philadelphia.

Median Home Price: Homes in Beverly typically sell between the low $200,000s and the mid $400,000s. Recent sales across the 08010 ZIP code have clustered around a median of roughly $325,000, with three-bedroom homes commonly selling in the $300,000s and smaller two-bedroom homes available in the low $200,000s. By comparison, comparable river towns like Riverton and Cinnaminson, and certainly Moorestown or Medford, carry significantly higher price tags.

Rental Market: Rental options in Beverly range from garden apartments to renovated single-family homes and historic duplexes. A two-bedroom apartment typically rents for $1,600 to $2,100 per month; established garden-apartment buildings like Edgewater Manor list two-bedrooms from about $1,595 to $2,125, while renovated two-bedroom units in the historic district often sit closer to $1,850 to $1,950. For Burlington County riverfront living, that is a very accessible rental market.

Housing Stock and Value: Beverly's compact, walkable layout means most homes are within minutes of the riverfront, the historic district, and the train station. The housing stock mixes 19th-century Victorians and colonials (especially in the historic district) with mid-century ranches and Cape Cods. Buyers get architectural character and a Delaware River address at price points that are hard to find anywhere else in the region, which is why first-time buyers and investors are both drawn here.

How Much Are Property Taxes in Beverly?

Property taxes are the most important caveat in any Beverly cost-of-living conversation. New Jersey has the highest property taxes in the country overall, and Beverly carries one of the highest effective rates in the state.

Effective Tax Rate: Beverly's effective property tax rate lands near 3% of property value, ranking among the highest in New Jersey. The city's 2024 general tax rate was set at 4.756 per $100 of assessed value. This is the flip side of Beverly's affordability: you pay far less for the house itself, but you pay more in annual taxes as a share of its value than owners in most Burlington County towns.

Average Annual Bill: The state's 2024 average residential tax report put the typical Beverly bill at roughly $6,300 a year, with independent property-tax researchers estimating the median bill closer to $6,500. Those figures reflect many longer-held properties whose assessments lag recent sale prices. For anyone buying today, the effective-rate math is the honest lens: at roughly 3% of value, a home near Beverly's typical $325,000 sale price territory can carry a five-figure annual tax bill once assessed near the purchase price.

What Your Taxes Fund: Beverly property taxes fund Beverly City School (grades PK through 8), municipal services, public safety, the riverfront parks and streets, and the county and school services that support the wider Burlington County community. The trade-off is manageable, but it must be built into your monthly budget from day one, not discovered after closing.

What Are Utilities and Everyday Expenses Like in Beverly?

Beyond housing and taxes, the day-to-day cost of living in Beverly is generally in line with the rest of Burlington County. Here is what you can expect:

Utilities: Monthly utility costs for a typical single-family home average $200 to $350, including electricity, gas, water, sewer, and trash collection. PSE&G is the primary electric and gas provider for the area. Historic homes tend to be less efficient than newer construction, so heating season on the riverfront can push gas bills to the higher end of that range, especially in older Victorians.

Internet and Cable: High-speed internet is available through providers like Verizon Fios and Xfinity across most of Beverly. Monthly costs range from $60 to $110 depending on the speed tier and package you select.

Groceries and Dining: Grocery costs in Beverly are in line with the Northeast average. ShopRite is minutes away along Route 541, with additional supermarket and big-box options along Route 130 and in Moorestown, Mount Laurel, and Cinnaminson within a 15 minute drive. Casual dining averages $15 to $25 per person, and Center City Philadelphia's restaurant scene is a 25 to 30 minute drive or a short rail ride away.

Transportation: Gas prices, auto insurance rates, and vehicle registration costs are consistent with the rest of New Jersey. If you commute by car, budget roughly $5 to $7 per day in tolls if you regularly cross the Tacony-Palmyra or Burlington-Bristol bridges, plus parking costs once you reach the city.

Healthcare: Health insurance premiums in Beverly are in line with New Jersey averages, and access to care is strong. Cooper University Hospital and Virtua Our Lady of Lourdes are in nearby Camden, Virtua Willingboro Hospital serves northern Burlington County, and Jefferson Health and Penn Medicine are a short trip across the river in Philadelphia.

How Much Does It Cost to Commute from Beverly?

Beverly is one of the few small river towns in Burlington County with rail service right in town. The Beverly/Edgewater Park station on the NJ Transit River LINE serves the city directly, and that changes the commuting math in a meaningful way.

By Rail (Cheapest and Most Predictable): Take the River LINE south from the Beverly/Edgewater Park station to the Walter Rand Transportation Center in Camden, where the PATCO Speedline's Broadway Station is directly across the street. The River LINE fare is a flat $1.90 one-way, and PATCO from Broadway into any Center City Philadelphia station is $1.40 one-way, so the total rail commute is about $3.30 each way, roughly $6.60 round trip. Both systems take the NJ Transit app and ticket vending machines, and BurLINK buses connect the station to the surrounding neighborhoods.

By Car: The drive to Center City Philadelphia takes 25 to 30 minutes via Route 130 and I-295 on a typical day, longer at peak rush hour. Drivers pay bridge tolls on the Burlington-Bristol or Tacony-Palmyra crossings plus Philadelphia parking, which is why the rail option is so popular with Beverly commuters.

Monthly Perspective: A five-day-a-week rail commuter spending roughly $6.60 on round-trip fares plus occasional local bus or transfers should budget on the order of $150 to $180 a month. That is dramatically cheaper than the daily cost of driving, tolls, and city parking, and it makes Beverly one of the most economical commuter towns in the region for Philadelphia workers.

How Does Beverly Compare to Nearby Communities?

To put Beverly's cost of living in perspective, here is how it stacks up against neighboring towns:

• vs. Riverton: Riverton is Beverly's upscale historic cousin a few miles up the river, with Victorian homes that routinely command substantially higher prices. Beverly offers similar architecture and riverfront charm at entry-level price points, though with a higher effective tax rate.
• vs. Burlington City: The two share comparable affordability and a deep colonial history. Burlington City has the larger downtown and High Street Historic District; Beverly is quieter, smaller, and closer to the river's edge.
• vs. Delanco and Edgewater Park: All three are among the most affordable river communities in Burlington County, and Edgewater Park shares the same River LINE station with Beverly. Tax profiles are similar, so the choice often comes down to housing stock and neighborhood feel.
• vs. Cinnaminson: Cinnaminson's typical homes run from the $400,000s to the mid $500,000s with lower effective tax rates (roughly 2.0% to 2.3%). Beverly gives you a lower entry price and a more historic setting, while Cinnaminson offers larger, newer homes and top-ranked schools.
• vs. Moorestown: Moorestown homes routinely sell for two to three times a comparable Beverly purchase, and Moorestown taxes are higher in dollar terms. Beverly is the value play for buyers who want the river and the commute without the premium address.

For a deeper look at the community itself, read our complete guide to living in Beverly, or compare costs across the county with our property taxes by town breakdown.

Is Beverly Worth the Cost?

Beverly is one of the best values in Burlington County for buyers who want a Delaware River address, real architectural character, and a practical Philadelphia commute at an entry-level price. The city delivers a riverfront lifestyle, a direct rail line, and one of the lowest home price points in the region. The cost side of the ledger is dominated by property taxes, which take a larger share of home value than in most nearby towns, so buyers should go in with clear eyes and budget accordingly.

As a planning guideline, a gross household income in the roughly $70,000 to $110,000 range is a realistic target for a Beverly purchase depending on your down payment, debts, and the home you choose. First-time buyers at the lower end of the price range can often make it work on less, especially with down-payment assistance programs.

For buyers who love the river towns but want the most affordable entry point in the region, Beverly consistently earns a spot on our affordable neighborhoods list. I would be happy to help you run the numbers for your specific situation. Let us talk about your budget, your goals, and whether Beverly is the right community for you.

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