Beachwood, NJ vs Garfield, NJ

Garfield is moderately more affordable than Beachwood, with a 5.5% lower cost of living index. Beachwood scores 132 compared to 126 for Garfield, where the US average is 100. This difference means residents of Beachwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Beachwood is $2,236/month compared to $1,612/month in Garfield — a 39% difference. Interestingly, home values tell a different story: while Garfield has cheaper rent, Beachwood actually has lower median home values ($307,500 vs $454,300).

Median household income in Beachwood is $102,043 compared to $75,701 in Garfield (+34.8%). While Beachwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beachwood spend roughly 26.3% of their income on rent, more than the 25.6% in Garfield.