Elwood, NJ vs Silver Lake CDP (Warren County), NJ

Elwood is moderately more affordable than Silver Lake CDP (Warren County), with a 7.9% lower cost of living index. Elwood scores 89 compared to 96 for Silver Lake CDP (Warren County), where the US average is 100. This difference means residents of Silver Lake CDP (Warren County) can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Elwood are $170,300 compared to $263,300 in Silver Lake CDP (Warren County), a 35% gap.

Median household income in Elwood is $68,698 compared to $103,750 in Silver Lake CDP (Warren County) (-33.8%). While Silver Lake CDP (Warren County) is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.