Florham Park, NJ vs Westfield, NJ

Florham Park, NJ and Westfield, NJ have a very similar cost of living, with only a 3.9% difference in their overall index. Florham Park scores 190 while Westfield scores 183 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 Florham Park is $3,009/month compared to $2,211/month in Westfield — a 36% difference. Interestingly, home values tell a different story: while Westfield has cheaper rent, Florham Park actually has lower median home values ($722,700 vs $930,500).

Median household income in Florham Park is $147,714 compared to $212,700 in Westfield (-30.6%). Westfield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Florham Park spend roughly 24.4% of their income on rent, more than the 12.5% in Westfield.