Medford Lakes, NJ vs Silver Lake CDP (Cumberland County), NJ

The cost of living difference between Medford Lakes, NJ and Silver Lake CDP (Cumberland County), NJ is dramatic. Silver Lake CDP (Cumberland County) is 33.7% cheaper than Medford Lakes, a gap that translates to thousands of dollars per year in household expenses. Medford Lakes has a cost index of 131 while Silver Lake CDP (Cumberland County) sits at 98, 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.

When it comes to buying, median home values in Medford Lakes are $368,200 compared to $304,800 in Silver Lake CDP (Cumberland County), a 21% gap.

Median household income in Medford Lakes is $151,190 compared to $88,217 in Silver Lake CDP (Cumberland County) (+71.4%). While Medford Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.