Quick facts: Willingboro, NJ

Quick Facts

112.9
Cost of Living
above US average
31,846
Population
8.45
Crime Rate per 1000
below US average
$88,516
Median Income
above US average
$369,000
Median House Price
above US average
$3077.35
Average Rent
above US average
8%
Poverty Rate
below US average
5.1%
Unemployment Rate
above 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 $88,516.

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Income Needed to Buy

βœ— Stretch
$116k/year
Based on $369,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $88,516
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Income Needed to Rent

⚠ Stretch
$132k/year
Based on $3077.35/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $132k vs median $88,516
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Willingboro, NJ

Willingboro is a suburban municipality located in Burlington County, New Jersey. With a population of approximately 31,000 residents, it was originally developed in the 1960s as a planned community, attracting many families seeking a peaceful suburban lifestyle. The town is known for its spacious homes, tree-lined streets, and a strong sense of community. Willingboro offers various amenities, including parks, recreational facilities, and shopping centers, which cater to both residents and visitors. Among its notable parks is the Willingboro Lakes Park, which features walking trails, picnic areas, and a serene lake, perfect for outdoor activities. The township is served by a number of public schools, part of the Willingboro School District, which places a strong emphasis on education. The community is also conveniently located near major highways, providing easy access to nearby cities such as Philadelphia and Trenton, enhancing its appeal for commuters. Culturally, Willingboro celebrates its diversity with various community events and festivals throughout the year. Overall, Willingboro is known for its welcoming atmosphere and commitment to fostering a close-knit community environment.

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