Milltown, NJ vs Pine Beach, NJ

Pine Beach is moderately more affordable than Milltown, with a 6.5% lower cost of living index. Milltown scores 120 compared to 112 for Pine Beach, where the US average is 100. This difference means residents of Milltown can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Milltown is $1,500/month compared to $1,219/month in Pine Beach — a 23% difference. Interestingly, home values tell a different story: while Pine Beach has cheaper rent, Milltown actually has lower median home values ($423,000 vs $438,300).

Median household income in Milltown is $119,958 compared to $121,333 in Pine Beach (-1.1%). Pine Beach offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Milltown spend roughly 15% of their income on rent, more than the 12.1% in Pine Beach.