Lodi, NJ vs Wood-Ridge, NJ

Lodi is moderately more affordable than Wood-Ridge, with a 9.4% lower cost of living index. Lodi scores 127 compared to 140 for Wood-Ridge, where the US average is 100. This difference means residents of Wood-Ridge can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lodi is $1,675/month compared to $1,886/month in Wood-Ridge — a 11% difference. Home values follow the same pattern: Lodi is more affordable at $449,200 median vs $532,900.

Median household income in Lodi is $84,570 compared to $131,412 in Wood-Ridge (-35.6%). While Wood-Ridge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lodi spend roughly 23.8% of their income on rent, more than the 17.2% in Wood-Ridge.