Dumont, NJ vs Fair Haven, NJ

The cost of living difference between Dumont, NJ and Fair Haven, NJ is dramatic. Dumont is 40.8% cheaper than Fair Haven, a gap that translates to thousands of dollars per year in household expenses. Dumont has a cost index of 132 while Fair Haven sits at 223, 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 Dumont is $1,778/month compared to $3,500/month in Fair Haven — a 49% difference. Home values follow the same pattern: Dumont is more affordable at $469,900 median vs $943,300.

Median household income in Dumont is $125,585 compared to $237,132 in Fair Haven (-47%). While Fair Haven is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Dumont spend roughly 17% of their income on rent, less than the 17.7% in Fair Haven.