Essex Fells, NJ vs North Caldwell, NJ

North Caldwell is moderately more affordable than Essex Fells, with a 6.3% lower cost of living index. Essex Fells scores 226 compared to 212 for North Caldwell, where the US average is 100. This difference means residents of Essex Fells can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Essex Fells is $3,501/month compared to $3,250/month in North Caldwell — a 8% difference. Home values follow the same pattern: North Caldwell is more affordable at $906,100 median vs $976,300.

Median household income in Essex Fells is $250,001 compared to $203,140 in North Caldwell (+23.1%). While Essex Fells is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Essex Fells spend roughly 16.8% of their income on rent, less than the 19.2% in North Caldwell.