Perth Amboy, NJ vs Somerset, NJ

Perth Amboy is moderately more affordable than Somerset, with a 13.7% lower cost of living index. Perth Amboy scores 117 compared to 135 for Somerset, where the US average is 100. This difference means residents of Somerset can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Perth Amboy is $1,629/month compared to $2,050/month in Somerset — a 21% difference. Home values follow the same pattern: Perth Amboy is more affordable at $339,200 median vs $408,600.

Median household income in Perth Amboy is $58,490 compared to $113,603 in Somerset (-48.5%). While Somerset is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Perth Amboy spend roughly 33.4% of their income on rent, more than the 21.7% in Somerset. The Somerset ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.