Pennington, NJ vs Raritan, NJ

Pennington, NJ and Raritan, NJ have a very similar cost of living, with only a 4.6% difference in their overall index. Pennington scores 141 while Raritan scores 135 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 Pennington is $1,819/month compared to $1,927/month in Raritan — a 6% difference. Interestingly, home values tell a different story: while Pennington has cheaper rent, Raritan actually has lower median home values ($449,200 vs $608,200).

Median household income in Pennington is $171,282 compared to $103,699 in Raritan (+65.2%). While Pennington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Pennington spend roughly 12.7% of their income on rent, less than the 22.3% in Raritan.