Demarest, NJ vs Edgewater, NJ

There is a significant gap in the cost of living between these two cities. Edgewater is 25.6% cheaper than Demarest. With a cost index of 179 vs 225, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Edgewater to Demarest should plan for substantially higher expenses across most categories.

On the housing front, median rent in Demarest is $3,501/month compared to $2,645/month in Edgewater — a 32% difference. Home values follow the same pattern: Edgewater is more affordable at $723,400 median vs $965,400.

Median household income in Demarest is $175,078 compared to $137,847 in Edgewater (+27%). While Demarest is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Demarest spend roughly 24% of their income on rent, more than the 23% in Edgewater.