Medford Lakes, NJ vs River Edge, NJ

Medford Lakes is moderately more affordable than River Edge, with a 10.8% lower cost of living index. Medford Lakes scores 131 compared to 147 for River Edge, where the US average is 100. This difference means residents of River Edge can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Medford Lakes is $2,136/month compared to $1,811/month in River Edge — a 18% difference. Interestingly, home values tell a different story: while River Edge has cheaper rent, Medford Lakes actually has lower median home values ($368,200 vs $637,500).

Median household income in Medford Lakes is $151,190 compared to $155,827 in River Edge (-3%). River Edge does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Medford Lakes spend roughly 17% of their income on rent, more than the 13.9% in River Edge.