Colonia, NJ vs Fort Lee, NJ

Colonia, NJ and Fort Lee, NJ have a very similar cost of living, with only a 3.3% difference in their overall index. Colonia scores 138 while Fort Lee scores 142 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Colonia is $1,964/month compared to $2,255/month in Fort Lee — a 13% difference. Interestingly, home values tell a different story: while Colonia has cheaper rent, Fort Lee actually has lower median home values ($422,200 vs $473,200).

Median household income in Colonia is $134,301 compared to $105,535 in Fort Lee (+27.3%). Colonia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Colonia spend roughly 17.5% of their income on rent, less than the 25.6% in Fort Lee.