Ledgewood, NJ vs Tenafly, NJ

The cost of living difference between Ledgewood, NJ and Tenafly, NJ is dramatic. Ledgewood is 42.1% cheaper than Tenafly, a gap that translates to thousands of dollars per year in household expenses. Ledgewood has a cost index of 124 while Tenafly sits at 215, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Ledgewood is $1,570/month compared to $3,143/month in Tenafly — a 50% difference. Home values follow the same pattern: Ledgewood is more affordable at $454,100 median vs $974,300.

Median household income in Ledgewood is $125,000 compared to $208,088 in Tenafly (-39.9%). The higher salaries in Tenafly partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Ledgewood spend roughly 15.1% of their income on rent, less than the 18.1% in Tenafly.