Guttenberg, NJ vs Highland Lakes, NJ

Guttenberg, NJ and Highland Lakes, NJ have a very similar cost of living, with only a 0.3% difference in their overall index. Guttenberg scores 119 while Highland Lakes scores 120 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 Guttenberg is $1,661/month compared to $1,862/month in Highland Lakes — a 11% difference. Interestingly, home values tell a different story: while Guttenberg has cheaper rent, Highland Lakes actually has lower median home values ($291,200 vs $360,700).

Median household income in Guttenberg is $77,636 compared to $129,500 in Highland Lakes (-40%). While Highland 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 Guttenberg spend roughly 25.7% of their income on rent, more than the 17.3% in Highland Lakes.