Edgewater, NJ vs Fair Lawn, NJ

There is a significant gap in the cost of living between these two cities. Fair Lawn is 26.9% cheaper than Edgewater. With a cost index of 141 vs 179, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fair Lawn to Edgewater should plan for substantially higher expenses across most categories.

On the housing front, median rent in Edgewater is $2,645/month compared to $1,908/month in Fair Lawn — a 39% difference. Home values follow the same pattern: Fair Lawn is more affordable at $532,700 median vs $723,400.

Median household income in Edgewater is $137,847 compared to $147,952 in Fair Lawn (-6.8%). Fair Lawn offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Edgewater spend roughly 23% of their income on rent, more than the 15.5% in Fair Lawn.