Martinsville, NJ vs Medford Lakes, NJ

There is a significant gap in the cost of living between these two cities. Medford Lakes is 24.8% cheaper than Martinsville. With a cost index of 131 vs 163, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Medford Lakes to Martinsville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Martinsville is $2,183/month compared to $2,136/month in Medford Lakes — a 2% difference. Home values follow the same pattern: Medford Lakes is more affordable at $368,200 median vs $702,700.

Median household income in Martinsville is $206,839 compared to $151,190 in Medford Lakes (+36.8%). While Martinsville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Martinsville spend roughly 12.7% of their income on rent, less than the 17% in Medford Lakes.