Hasbrouck Heights, NJ vs Medford Lakes, NJ

Hasbrouck Heights, NJ and Medford Lakes, NJ have a very similar cost of living, with only a 0.8% difference in their overall index. Hasbrouck Heights scores 130 while Medford Lakes scores 131 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 Hasbrouck Heights is $1,605/month compared to $2,136/month in Medford Lakes — a 25% difference. Interestingly, home values tell a different story: while Hasbrouck Heights has cheaper rent, Medford Lakes actually has lower median home values ($368,200 vs $508,500).

Median household income in Hasbrouck Heights is $118,670 compared to $151,190 in Medford Lakes (-21.5%). While Medford 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 Hasbrouck Heights spend roughly 16.2% of their income on rent, less than the 17% in Medford Lakes.