Cost of Living in Florence NJ

What Homebuyers Need to Know in 2026

By Robert "Bob" Millaway, AI Certified Agent™ & South Jersey Relocation Specialist

Quick Answer

When planning a move to South Jersey, understanding the true cost of living is essential. If you are researching living in Florence NJ, you will quickly discover that this Delaware River town is a hidden gem for budget-conscious buyers. It provides suburban comfort, family-friendly neighborhoods, and outstanding transportation access—all at a fraction of the cost of premium nearby markets.

Whether you are a first-time buyer, a family needing more space, a commuter, or a retiree, this guide breaks down exactly what it costs to live in Florence, New Jersey, in 2026.

How Expensive Is Florence NJ?

Compared to the rest of New Jersey, Florence is highly affordable. The state is known for its high cost of living, but Florence provides a buffer against those extremes.

• Vs. National Averages: Like most of NJ, overall living expenses in Florence are slightly above the national average, driven primarily by state taxes and utility rates.
• Vs. Burlington County: Florence sits below the Burlington County average for housing costs, making it a prime destination for value seekers.

Housing Costs in Florence

Housing is where Florence truly shines. The real estate market here offers diverse options that cater to almost any budget.

• First-Time Buyer Opportunities: The historic village of Roebling (located within Florence Township) offers classic brick row homes that are incredibly affordable, allowing young professionals to stop renting and start building equity.
• Single-Family and Ranch Homes: Florence has a large inventory of mid-century ranches and traditional colonials that offer generous yards at accessible price points.
• Newer Developments: For move-up buyers, communities like Estates at Crossroads offer modern, luxurious new construction homes. While these are the most expensive properties in town, they still offer better value per square foot than similar homes in Moorestown or Marlton.

Comparing Florence to Nearby Towns

When you look at the surrounding area, Florence's affordability becomes even more apparent:

• Florence vs. Bordentown: Bordentown commands a premium for its walkable, historic downtown. Florence offers similar commuter benefits but at a lower price point.
• Florence vs. Edgewater Park & Delanco: These river towns share similar affordability profiles, though Florence offers superior access to the NJ Turnpike.
• Florence vs. Burlington City: Both offer historic elements and affordability, but Florence provides more traditional suburban subdivisions.

Property Taxes in Florence NJ

New Jersey has the highest property taxes in the nation, and there is no escaping that reality. However, property taxes in Florence are generally more manageable than in many other parts of the state.

Because the assessed value of homes in Florence is lower than in luxury markets, your annual tax bill will typically be lower than what you would pay for a similar-sized home in premium South Jersey towns. When budgeting for your monthly mortgage payment, always factor in the local tax rate, but rest assured that Florence represents a relatively tax-friendly option within the county.

Utility Costs

Utility expenses in Florence align with the state averages for New Jersey:

• Electricity and Natural Gas: Provided by major regional utility companies. Homes in newer developments like Estates at Crossroads often feature energy-efficient systems that keep heating and cooling costs down.
• Water and Sewer: Municipal services are standard and billed regularly.
• Internet: High-speed broadband and fiber options are readily available from major providers, essential for remote workers.

Transportation and Commuting Costs

Florence is a commuter's dream, and its transportation infrastructure can actually help you save money.

• Vehicle Ownership: Florence is a car-dependent town for daily errands. You will need to budget for auto insurance, maintenance, and fuel.
• The River LINE: Florence has a dedicated station on the NJ Transit River LINE (with another in Roebling). This affordable light rail system connects Trenton to Camden, allowing for a cheap, stress-free commute to Philadelphia (via PATCO transfer).
• Highway Access: With immediate access to the NJ Turnpike (Exit 6), I-295, and Route 130, driving to regional employment centers is highly efficient, though commuters should budget for Turnpike tolls.

Healthcare Costs

Healthcare costs in Florence reflect the regional standard. While the township itself does not have a major hospital, residents are just a short drive away from excellent medical facilities in Burlington Township, Mount Holly (Virtua), and Hamilton (RWJUH). Routine care, dental, and specialized services are easily accessible without premium pricing.

Groceries, Dining and Everyday Expenses

Everyday living expenses in Florence are very reasonable.

For groceries, residents have access to local convenience stores and nearby major supermarkets along the Route 130 corridor. When it comes to dining and entertainment, Florence offers casual, affordable local spots—pizza shops, diners, and taverns. Because Florence lacks a high-end, expensive downtown restaurant scene, residents naturally spend less on local dining, though they frequently make the short 10-minute drive to Bordentown for a night out.

Cost of Living by Buyer Type

First-Time Buyers

Florence is one of the best markets in South Jersey for first-time buyers. The affordable inventory of townhomes and historic row homes makes the transition from renting to owning highly achievable.

Families

Families appreciate the ability to buy a spacious single-family home with a yard without becoming "house poor." The active, affordable youth sports leagues also keep family entertainment costs low.

Commuters

The combination of affordable housing and immediate access to the Turnpike, I-295, and the River LINE makes Florence an incredibly cost-effective home base for regional workers.

Retirees and Downsizers

With a large supply of single-story ranch homes and a lower overall tax burden, Florence allows retirees on a fixed income to live comfortably while staying close to family in South Jersey.

Remote Workers

Remote workers can stretch their housing budget further in Florence, easily affording a home with a dedicated home office while enjoying a quiet, suburban environment.

Investors

The strong demand for affordable rentals near major transportation routes makes Florence an attractive market for real estate investors seeking steady ROI.

Is Florence Worth the Cost?

Absolutely.

Florence represents one of the smartest real estate investments in Burlington County, offering an unbeatable combination of affordability, safe neighborhoods, and premier commuter access.

If you want the prestige of a luxury zip code or a bustling, trendy downtown, you might prefer to look elsewhere. But if you value financial peace of mind, strong community ties, and a strategic location along the Delaware River, Florence is incredibly hard to beat.

Florence vs Nearby Communities

Here is how the cost of living in Florence compares to neighboring towns:

Frequently Asked Questions

About Robert Millaway

Robert "Bob" Millaway is an AI Certified Agent™ and South Jersey Relocation Specialist with eXp Realty. He helps buyers, sellers, retirees, downsizers, and relocating families make smarter real estate decisions throughout Burlington County and South Jersey using cutting-edge predictive marketing and data-driven strategies.

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