Hasbrouck Heights, NJ vs Silver Lake CDP (Essex County), NJ

Hasbrouck Heights, NJ and Silver Lake CDP (Essex County), NJ have a very similar cost of living, with only a 4.2% difference in their overall index. Hasbrouck Heights scores 130 while Silver Lake CDP (Essex County) scores 125 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 $1,501/month in Silver Lake CDP (Essex County) — a 7% difference. Home values follow the same pattern: Silver Lake CDP (Essex County) is more affordable at $483,700 median vs $508,500.

Median household income in Hasbrouck Heights is $118,670 compared to $86,615 in Silver Lake CDP (Essex County) (+37%). While Hasbrouck Heights 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 20.8% in Silver Lake CDP (Essex County).