Englewood, NJ vs Franklin Park, NJ

Franklin Park is moderately more affordable than Englewood, with a 7.3% lower cost of living index. Englewood scores 139 compared to 129 for Franklin Park, where the US average is 100. This difference means residents of Englewood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Englewood is $1,925/month compared to $2,074/month in Franklin Park — a 7% difference. Interestingly, home values tell a different story: while Englewood has cheaper rent, Franklin Park actually has lower median home values ($326,800 vs $497,500).

Median household income in Englewood is $101,398 compared to $111,508 in Franklin Park (-9.1%). Franklin Park offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Englewood spend roughly 22.8% of their income on rent, more than the 22.3% in Franklin Park.