Bergenfield, NJ vs Monmouth Junction, NJ

Bergenfield, NJ and Monmouth Junction, NJ have a very similar cost of living, with only a 4.7% difference in their overall index. Bergenfield scores 131 while Monmouth Junction scores 137 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Bergenfield is $1,744/month compared to $1,880/month in Monmouth Junction — a 7% difference. Home values follow the same pattern: Bergenfield is more affordable at $469,200 median vs $497,100.

Median household income in Bergenfield is $124,083 compared to $125,892 in Monmouth Junction (-1.4%). Monmouth Junction does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Bergenfield spend roughly 16.9% of their income on rent, less than the 17.9% in Monmouth Junction.