Carteret, NJ vs Leonia, NJ

There is a significant gap in the cost of living between these two cities. Carteret is 16.5% cheaper than Leonia. With a cost index of 131 vs 157, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Carteret to Leonia should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carteret is $2,012/month compared to $2,149/month in Leonia — a 6% difference. Home values follow the same pattern: Carteret is more affordable at $370,200 median vs $634,500.

Median household income in Carteret is $87,553 compared to $116,429 in Leonia (-24.8%). While Leonia is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carteret spend roughly 27.6% of their income on rent, more than the 22.1% in Leonia.