Cedar Knolls, NJ vs Collingswood, NJ

The cost of living difference between Cedar Knolls, NJ and Collingswood, NJ is dramatic. Collingswood is 62.6% cheaper than Cedar Knolls, a gap that translates to thousands of dollars per year in household expenses. Cedar Knolls has a cost index of 174 while Collingswood sits at 107, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cedar Knolls is $2,802/month compared to $1,420/month in Collingswood — a 97% difference. Home values follow the same pattern: Collingswood is more affordable at $346,300 median vs $610,100.

Median household income in Cedar Knolls is $166,077 compared to $83,917 in Collingswood (+97.9%). While Cedar Knolls is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cedar Knolls spend roughly 20.2% of their income on rent, less than the 20.3% in Collingswood.