Collingswood, NJ vs Princeton, NJ

The cost of living difference between Collingswood, NJ and Princeton, NJ is dramatic. Collingswood is 45.1% cheaper than Princeton, a gap that translates to thousands of dollars per year in household expenses. Collingswood has a cost index of 107 while Princeton sits at 195, 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 Collingswood is $1,420/month compared to $2,448/month in Princeton — a 42% difference. Home values follow the same pattern: Collingswood is more affordable at $346,300 median vs $1,040,400.

Median household income in Collingswood is $83,917 compared to $184,113 in Princeton (-54.4%). While Princeton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Collingswood spend roughly 20.3% of their income on rent, more than the 16% in Princeton.