Englewood, NJ vs Franklin Lakes, NJ

The cost of living difference between Englewood, NJ and Franklin Lakes, NJ is dramatic. Englewood is 42.3% cheaper than Franklin Lakes, a gap that translates to thousands of dollars per year in household expenses. Englewood has a cost index of 139 while Franklin Lakes sits at 240, 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 Englewood is $1,925/month compared to $3,334/month in Franklin Lakes — a 42% difference. Home values follow the same pattern: Englewood is more affordable at $497,500 median vs $1,217,500.

Median household income in Englewood is $101,398 compared to $230,987 in Franklin Lakes (-56.1%). While Franklin Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Englewood spend roughly 22.8% of their income on rent, more than the 17.3% in Franklin Lakes.