Asbury Park, NJ vs Fort Lee, NJ

Asbury Park is moderately more affordable than Fort Lee, with a 7.3% lower cost of living index. Asbury Park scores 132 compared to 142 for Fort Lee, where the US average is 100. This difference means residents of Fort Lee can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Asbury Park is $1,679/month compared to $2,255/month in Fort Lee — a 26% difference. Interestingly, home values tell a different story: while Asbury Park has cheaper rent, Fort Lee actually has lower median home values ($422,200 vs $508,800).

Median household income in Asbury Park is $71,080 compared to $105,535 in Fort Lee (-32.6%). While Fort Lee is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Asbury Park spend roughly 28.3% of their income on rent, more than the 25.6% in Fort Lee.