Paterson, NJ vs Toms River, NJ

Paterson is moderately more affordable than Toms River, with a 8.4% lower cost of living index. Paterson scores 111 compared to 121 for Toms River, where the US average is 100. This difference means residents of Toms River can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Paterson is $1,457/month compared to $1,678/month in Toms River — a 13% difference. Home values follow the same pattern: Paterson is more affordable at $335,400 median vs $377,800.

Median household income in Paterson is $53,766 compared to $95,759 in Toms River (-43.9%). While Toms River is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Paterson spend roughly 32.5% of their income on rent, more than the 21% in Toms River. The Toms River ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.