Pemberton, NJ vs Silver Lake CDP (Essex County), NJ

There is a significant gap in the cost of living between these two cities. Pemberton is 19.4% cheaper than Silver Lake CDP (Essex County). With a cost index of 100 vs 125, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Pemberton to Silver Lake CDP (Essex County) should plan for substantially higher expenses across most categories.

On the housing front, median rent in Pemberton is $1,310/month compared to $1,501/month in Silver Lake CDP (Essex County) — a 13% difference. Home values follow the same pattern: Pemberton is more affordable at $303,200 median vs $483,700.

Median household income in Pemberton is $88,333 compared to $86,615 in Silver Lake CDP (Essex County) (+2%). Pemberton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Pemberton spend roughly 17.8% of their income on rent, less than the 20.8% in Silver Lake CDP (Essex County).