Little Silver, NJ vs Phillipsburg, NJ

The cost of living difference between Little Silver, NJ and Phillipsburg, NJ is dramatic. Phillipsburg is 160.4% cheaper than Little Silver, a gap that translates to thousands of dollars per year in household expenses. Little Silver has a cost index of 217 while Phillipsburg sits at 83, 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 Little Silver is $3,501/month compared to $1,118/month in Phillipsburg — a 213% difference. Home values follow the same pattern: Phillipsburg is more affordable at $180,700 median vs $870,700.

Median household income in Little Silver is $220,746 compared to $67,782 in Phillipsburg (+225.7%). While Little Silver is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Little Silver spend roughly 19% of their income on rent, less than the 19.8% in Phillipsburg.