Maywood, NJ vs Paramus, NJ

There is a significant gap in the cost of living between these two cities. Maywood is 25.5% cheaper than Paramus. With a cost index of 139 vs 186, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Maywood to Paramus should plan for substantially higher expenses across most categories.

On the housing front, median rent in Maywood is $1,932/month compared to $2,845/month in Paramus — a 32% difference. Home values follow the same pattern: Maywood is more affordable at $495,700 median vs $736,000.

Median household income in Maywood is $119,306 compared to $139,707 in Paramus (-14.6%). The higher salaries in Paramus partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Maywood spend roughly 19.4% of their income on rent, less than the 24.4% in Paramus.