Caldwell, NJ vs Cliffwood Beach, NJ

Caldwell, NJ and Cliffwood Beach, NJ have a very similar cost of living, with only a 1.2% difference in their overall index. Caldwell scores 144 while Cliffwood Beach scores 146 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 Caldwell is $1,937/month compared to $2,598/month in Cliffwood Beach — a 25% difference. Interestingly, home values tell a different story: while Caldwell has cheaper rent, Cliffwood Beach actually has lower median home values ($340,600 vs $563,000).

Median household income in Caldwell is $101,196 compared to $108,854 in Cliffwood Beach (-7%). While Cliffwood Beach is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Caldwell spend roughly 23% of their income on rent, less than the 28.6% in Cliffwood Beach.