Fort Lee, NJ vs Point Pleasant, NJ

Fort Lee, NJ and Point Pleasant, NJ have a very similar cost of living, with only a 0.3% difference in their overall index. Fort Lee scores 142 while Point Pleasant scores 142 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 Fort Lee is $2,255/month compared to $1,969/month in Point Pleasant — a 15% difference. Interestingly, home values tell a different story: while Point Pleasant has cheaper rent, Fort Lee actually has lower median home values ($422,200 vs $523,400).

Median household income in Fort Lee is $105,535 compared to $108,713 in Point Pleasant (-2.9%). Point Pleasant offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fort Lee spend roughly 25.6% of their income on rent, more than the 21.7% in Point Pleasant.