Englewood Cliffs, NJ vs Tenafly, NJ

Tenafly is moderately more affordable than Englewood Cliffs, with a 14.9% lower cost of living index. Englewood Cliffs scores 247 compared to 215 for Tenafly, where the US average is 100. This difference means residents of Englewood Cliffs can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Englewood Cliffs is $3,501/month compared to $3,143/month in Tenafly — a 11% difference. Home values follow the same pattern: Tenafly is more affordable at $974,300 median vs $1,232,700.

Median household income in Englewood Cliffs is $222,192 compared to $208,088 in Tenafly (+6.8%). Englewood Cliffs does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Englewood Cliffs spend roughly 18.9% of their income on rent, more than the 18.1% in Tenafly.