Kenilworth, NJ vs Parsippany, NJ

Parsippany is moderately more affordable than Kenilworth, with a 7.4% lower cost of living index. Kenilworth scores 146 compared to 136 for Parsippany, where the US average is 100. This difference means residents of Kenilworth can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Kenilworth is $2,119/month compared to $1,732/month in Parsippany — a 22% difference. Interestingly, home values tell a different story: while Parsippany has cheaper rent, Kenilworth actually has lower median home values ($521,100 vs $540,800).

Median household income in Kenilworth is $126,295 compared to $102,152 in Parsippany (+23.6%). While Kenilworth is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Kenilworth spend roughly 20.1% of their income on rent, less than the 20.3% in Parsippany.