Hackensack, NJ vs Preakness, NJ

There is a significant gap in the cost of living between these two cities. Hackensack is 16% cheaper than Preakness. With a cost index of 124 vs 148, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hackensack to Preakness should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hackensack is $1,794/month compared to $1,946/month in Preakness — a 8% difference. Home values follow the same pattern: Hackensack is more affordable at $370,300 median vs $603,200.

Median household income in Hackensack is $82,212 compared to $133,168 in Preakness (-38.3%). While Preakness is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hackensack spend roughly 26.2% of their income on rent, more than the 17.5% in Preakness.