Bergenfield, NJ vs Franklin Lakes, NJ

The cost of living difference between Bergenfield, NJ and Franklin Lakes, NJ is dramatic. Bergenfield is 45.6% cheaper than Franklin Lakes, a gap that translates to thousands of dollars per year in household expenses. Bergenfield has a cost index of 131 while Franklin Lakes sits at 240, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Bergenfield is $1,744/month compared to $3,334/month in Franklin Lakes — a 48% difference. Home values follow the same pattern: Bergenfield is more affordable at $469,200 median vs $1,217,500.

Median household income in Bergenfield is $124,083 compared to $230,987 in Franklin Lakes (-46.3%). While Franklin Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bergenfield spend roughly 16.9% of their income on rent, less than the 17.3% in Franklin Lakes.