Englewood, NJ vs New Providence, NJ

Englewood is moderately more affordable than New Providence, with a 12% lower cost of living index. Englewood scores 139 compared to 157 for New Providence, where the US average is 100. This difference means residents of New Providence 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 $1,906/month in New Providence — a 1% difference. Interestingly, home values tell a different story: while New Providence has cheaper rent, Englewood actually has lower median home values ($497,500 vs $734,300).

Median household income in Englewood is $101,398 compared to $162,877 in New Providence (-37.7%). While New Providence 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 14% in New Providence.