Englewood, NJ vs Wood-Ridge, NJ

Englewood, NJ and Wood-Ridge, NJ have a very similar cost of living, with only a 1.2% difference in their overall index. Englewood scores 139 while Wood-Ridge scores 140 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Englewood is $1,925/month compared to $1,886/month in Wood-Ridge — a 2% difference. Interestingly, home values tell a different story: while Wood-Ridge has cheaper rent, Englewood actually has lower median home values ($497,500 vs $532,900).

Median household income in Englewood is $101,398 compared to $131,412 in Wood-Ridge (-22.8%). While Wood-Ridge 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 17.2% in Wood-Ridge.