Avon-by-the-Sea, NJ vs Englewood Cliffs, NJ
There is a significant gap in the cost of living between these two cities. Avon-by-the-Sea is 15.9% cheaper than Englewood Cliffs. With a cost index of 207 vs 247, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Avon-by-the-Sea to Englewood Cliffs should plan for substantially higher expenses across most categories.
On the housing front, median rent in Avon-by-the-Sea is $1,891/month compared to $3,501/month in Englewood Cliffs — a 46% difference. Interestingly, home values tell a different story: while Avon-by-the-Sea has cheaper rent, Englewood Cliffs actually has lower median home values ($1,232,700 vs $1,349,000).
Median household income in Avon-by-the-Sea is $109,113 compared to $222,192 in Englewood Cliffs (-50.9%). While Englewood Cliffs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Avon-by-the-Sea spend roughly 20.8% of their income on rent, more than the 18.9% in Englewood Cliffs.
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