Franklin Lakes, NJ vs Millville, NJ

The cost of living difference between Franklin Lakes, NJ and Millville, NJ is dramatic. Millville is 180.1% cheaper than Franklin Lakes, a gap that translates to thousands of dollars per year in household expenses. Franklin Lakes has a cost index of 240 while Millville sits at 86, 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 Franklin Lakes is $3,334/month compared to $1,207/month in Millville — a 176% difference. Home values follow the same pattern: Millville is more affordable at $199,300 median vs $1,217,500.

Median household income in Franklin Lakes is $230,987 compared to $67,190 in Millville (+243.8%). While Franklin Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Franklin Lakes spend roughly 17.3% of their income on rent, less than the 21.6% in Millville.