Cedar Knolls, NJ vs Westmont, NJ

The cost of living difference between Cedar Knolls, NJ and Westmont, NJ is dramatic. Westmont is 46.7% 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 Westmont sits at 119, 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 $1,728/month in Westmont — a 62% difference. Home values follow the same pattern: Westmont is more affordable at $374,300 median vs $610,100.

Median household income in Cedar Knolls is $166,077 compared to $111,589 in Westmont (+48.8%). 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, more than the 18.6% in Westmont.