Carteret, NJ vs Villas, NJ

There is a significant gap in the cost of living between these two cities. Villas is 29% cheaper than Carteret. With a cost index of 101 vs 131, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Villas to Carteret should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carteret is $2,012/month compared to $1,418/month in Villas — a 42% difference. Home values follow the same pattern: Villas is more affordable at $290,000 median vs $370,200.

Median household income in Carteret is $87,553 compared to $74,203 in Villas (+18%). The higher salaries in Carteret partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Carteret spend roughly 27.6% of their income on rent, more than the 22.9% in Villas.