Ho-Ho-Kus, NJ vs Upper Montclair, NJ

Ho-Ho-Kus, NJ and Upper Montclair, NJ have a very similar cost of living, with only a 4.2% difference in their overall index. Ho-Ho-Kus scores 196 while Upper Montclair scores 188 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 Ho-Ho-Kus is $2,375/month compared to $2,290/month in Upper Montclair — a 4% difference. Home values follow the same pattern: Upper Montclair is more affordable at $968,200 median vs $1,032,800.

Median household income in Ho-Ho-Kus is $250,001 compared to $250,001 in Upper Montclair. Looking at affordability, residents of Ho-Ho-Kus spend roughly 11.4% of their income on rent, more than the 11% in Upper Montclair.