Beverly, NJ vs Milltown, NJ

There is a significant gap in the cost of living between these two cities. Beverly is 27.1% cheaper than Milltown. With a cost index of 87 vs 120, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Beverly to Milltown should plan for substantially higher expenses across most categories.

On the housing front, median rent in Beverly is $1,179/month compared to $1,500/month in Milltown — a 21% difference. Home values follow the same pattern: Beverly is more affordable at $190,100 median vs $423,000.

Median household income in Beverly is $92,807 compared to $119,958 in Milltown (-22.6%). The higher salaries in Milltown partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Beverly spend roughly 15.2% of their income on rent, more than the 15% in Milltown.