Harrison, NJ vs Milltown, NJ

There is a significant gap in the cost of living between these two cities. Milltown is 16.4% cheaper than Harrison. With a cost index of 120 vs 139, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Milltown to Harrison should plan for substantially higher expenses across most categories.

On the housing front, median rent in Harrison is $2,073/month compared to $1,500/month in Milltown — a 38% difference. Home values follow the same pattern: Milltown is more affordable at $423,000 median vs $450,800.

Median household income in Harrison is $82,290 compared to $119,958 in Milltown (-31.4%). Milltown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Harrison spend roughly 30.2% of their income on rent, more than the 15% in Milltown. The Milltown ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.