Elmwood Park, NJ vs Hackensack, NJ

Hackensack is moderately more affordable than Elmwood Park, with a 11.3% lower cost of living index. Elmwood Park scores 138 compared to 124 for Hackensack, where the US average is 100. This difference means residents of Elmwood Park can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elmwood Park is $2,025/month compared to $1,794/month in Hackensack — a 13% difference. Home values follow the same pattern: Hackensack is more affordable at $370,300 median vs $456,000.

Median household income in Elmwood Park is $100,852 compared to $82,212 in Hackensack (+22.7%). While Elmwood Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmwood Park spend roughly 24.1% of their income on rent, less than the 26.2% in Hackensack.