Glen Rock, NJ vs Medford Lakes, NJ

There is a significant gap in the cost of living between these two cities. Medford Lakes is 26.3% cheaper than Glen Rock. With a cost index of 131 vs 165, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Medford Lakes to Glen Rock should plan for substantially higher expenses across most categories.

On the housing front, median rent in Glen Rock is $1,938/month compared to $2,136/month in Medford Lakes — a 9% difference. Interestingly, home values tell a different story: while Glen Rock has cheaper rent, Medford Lakes actually has lower median home values ($368,200 vs $817,300).

Median household income in Glen Rock is $210,369 compared to $151,190 in Medford Lakes (+39.1%). While Glen Rock is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Glen Rock spend roughly 11.1% of their income on rent, less than the 17% in Medford Lakes.