Edgewater, NJ vs Princeton, NJ

Edgewater is moderately more affordable than Princeton, with a 8.4% lower cost of living index. Edgewater scores 179 compared to 195 for Princeton, where the US average is 100. This difference means residents of Princeton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Edgewater is $2,645/month compared to $2,448/month in Princeton — a 8% difference. Interestingly, home values tell a different story: while Princeton has cheaper rent, Edgewater actually has lower median home values ($723,400 vs $1,040,400).

Median household income in Edgewater is $137,847 compared to $184,113 in Princeton (-25.1%). While Princeton 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, more than the 16% in Princeton.