Milltown, NJ vs Thorofare, NJ

Milltown, NJ and Thorofare, NJ have a very similar cost of living, with only a 4.2% difference in their overall index. Milltown scores 120 while Thorofare scores 115 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Milltown is $1,500/month compared to $1,868/month in Thorofare — a 20% difference. Interestingly, home values tell a different story: while Milltown has cheaper rent, Thorofare actually has lower median home values ($272,700 vs $423,000).

Median household income in Milltown is $119,958 compared to $87,344 in Thorofare (+37.3%). While Milltown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milltown spend roughly 15% of their income on rent, less than the 25.7% in Thorofare.