Quick facts: Atco, NJ

Quick Facts

112.9
Cost of Living
above US average
12,350
Population
16.19
Crime Rate per 1000
below US average
$85,000
Median Income
above US average
$374,990
Median House Price
above US average
$2832.5
Average Rent
above US average
5%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $85,000.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $374,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $85,000
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Income Needed to Rent

⚠ Stretch
$121k/year
Based on $2832.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $121k vs median $85,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Atco, NJ

Atco is a charming community located in Camden County, New Jersey. It is part of the larger municipality of Waterford Township. Known for its suburban atmosphere, Atco offers a mix of residential neighborhoods, local shops, and access to outdoor recreational activities. The area is characterized by its serene environment, making it a great place for families and individuals seeking a quiet lifestyle. Atco is conveniently situated near major highways, providing easy access to nearby cities such as Philadelphia and Atlantic City. This accessibility allows residents to enjoy a blend of small-town living while being close to urban amenities. The community is also home to Atco Raceway, a well-known dragstrip that attracts motorsport enthusiasts. Nature lovers can explore the nearby Wharton State Forest, which offers hiking, biking, and camping opportunities. Local parks and recreational facilities within the area provide additional spaces for outdoor activities. With a variety of schools, libraries, and community events, Atco fosters a strong sense of community and belonging among its residents.

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