Boonton, NJ vs Lodi, NJ

Boonton, NJ and Lodi, NJ have a very similar cost of living, with only a 3.7% difference in their overall index. Boonton scores 132 while Lodi scores 127 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 Boonton is $1,761/month compared to $1,675/month in Lodi — a 5% difference. Home values follow the same pattern: Lodi is more affordable at $449,200 median vs $475,300.

Median household income in Boonton is $100,417 compared to $84,570 in Lodi (+18.7%). While Boonton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Boonton spend roughly 21% of their income on rent, less than the 23.8% in Lodi.