Fort Lee, NJ vs Tenafly, NJ

The cost of living difference between Fort Lee, NJ and Tenafly, NJ is dramatic. Fort Lee is 33.6% cheaper than Tenafly, a gap that translates to thousands of dollars per year in household expenses. Fort Lee has a cost index of 142 while Tenafly sits at 215, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Fort Lee is $2,255/month compared to $3,143/month in Tenafly — a 28% difference. Home values follow the same pattern: Fort Lee is more affordable at $422,200 median vs $974,300.

Median household income in Fort Lee is $105,535 compared to $208,088 in Tenafly (-49.3%). While Tenafly 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 18.1% in Tenafly.