Beverly, NJ vs Palmyra, NJ

There is a significant gap in the cost of living between these two cities. Beverly is 16.6% cheaper than Palmyra. With a cost index of 87 vs 105, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Beverly to Palmyra should plan for substantially higher expenses across most categories.

On the housing front, median rent in Beverly is $1,179/month compared to $1,680/month in Palmyra — a 30% difference. Home values follow the same pattern: Beverly is more affordable at $190,100 median vs $216,600.

Median household income in Beverly is $92,807 compared to $85,014 in Palmyra (+9.2%). Beverly offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Beverly spend roughly 15.2% of their income on rent, less than the 23.7% in Palmyra.