Closter, NJ vs Somerset, NJ

The cost of living difference between Closter, NJ and Somerset, NJ is dramatic. Somerset is 38.5% cheaper than Closter, a gap that translates to thousands of dollars per year in household expenses. Closter has a cost index of 187 while Somerset sits at 135, 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 Closter is $2,651/month compared to $2,050/month in Somerset — a 29% difference. Home values follow the same pattern: Somerset is more affordable at $408,600 median vs $820,100.

Median household income in Closter is $187,500 compared to $113,603 in Somerset (+65%). While Closter is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Closter spend roughly 17% of their income on rent, less than the 21.7% in Somerset.