Edgewater, NJ vs Fort Lee, NJ

There is a significant gap in the cost of living between these two cities. Fort Lee is 25.6% cheaper than Edgewater. With a cost index of 142 vs 179, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fort Lee 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 $2,255/month in Fort Lee — a 17% difference. Home values follow the same pattern: Fort Lee is more affordable at $422,200 median vs $723,400.

Median household income in Edgewater is $137,847 compared to $105,535 in Fort Lee (+30.6%). While Edgewater is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Edgewater spend roughly 23% of their income on rent, less than the 25.6% in Fort Lee.