Fort Lee, NJ vs New Providence, NJ

Fort Lee is moderately more affordable than New Providence, with a 9.5% lower cost of living index. Fort Lee scores 142 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 Fort Lee is $2,255/month compared to $1,906/month in New Providence — a 18% difference. Interestingly, home values tell a different story: while New Providence has cheaper rent, Fort Lee actually has lower median home values ($422,200 vs $734,300).

Median household income in Fort Lee is $105,535 compared to $162,877 in New Providence (-35.2%). 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 Fort Lee spend roughly 25.6% of their income on rent, more than the 14% in New Providence.