Farmingdale, NJ vs Lambertville, NJ

Farmingdale is moderately more affordable than Lambertville, with a 7.5% lower cost of living index. Farmingdale scores 119 compared to 129 for Lambertville, where the US average is 100. This difference means residents of Lambertville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Farmingdale is $1,548/month compared to $1,507/month in Lambertville — a 3% difference. Interestingly, home values tell a different story: while Lambertville has cheaper rent, Farmingdale actually has lower median home values ($401,000 vs $534,100).

Median household income in Farmingdale is $97,574 compared to $106,236 in Lambertville (-8.2%). While Lambertville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmingdale spend roughly 19% of their income on rent, more than the 17% in Lambertville.