Edgewater, NJ vs Penns Grove, NJ

The cost of living difference between Edgewater, NJ and Penns Grove, NJ is dramatic. Penns Grove is 120.8% cheaper than Edgewater, a gap that translates to thousands of dollars per year in household expenses. Edgewater has a cost index of 179 while Penns Grove sits at 81, 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 Edgewater is $2,645/month compared to $1,031/month in Penns Grove — a 157% difference. Home values follow the same pattern: Penns Grove is more affordable at $170,100 median vs $723,400.

Median household income in Edgewater is $137,847 compared to $43,889 in Penns Grove (+214.1%). 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 28.2% in Penns Grove.