Keyport, NJ vs Morristown, NJ

There is a significant gap in the cost of living between these two cities. Keyport is 25.6% cheaper than Morristown. With a cost index of 112 vs 151, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Keyport to Morristown should plan for substantially higher expenses across most categories.

On the housing front, median rent in Keyport is $1,379/month compared to $2,171/month in Morristown — a 37% difference. Home values follow the same pattern: Keyport is more affordable at $374,800 median vs $552,800.

Median household income in Keyport is $79,036 compared to $115,409 in Morristown (-31.5%). While Morristown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Keyport spend roughly 20.9% of their income on rent, less than the 22.6% in Morristown.