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Preakness, NJ vs Ramtown, NJ

148
Preakness
New Jersey
VS
+26.9%
117
Ramtown
New Jersey

There is a significant gap in the cost of living between these two cities. Ramtown is 26.9% cheaper than Preakness. With a cost index of 117 vs 148, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ramtown to Preakness should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Preakness are $603,200 compared to $452,500 in Ramtown, a 33% gap.

Median household income in Preakness is $133,168 compared to $138,967 in Ramtown (-4.2%). Ramtown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Income & Cost

Cost of Living Index
Preakness
148
Ramtown
117
21% cheaper
Median Household Income
Preakness
$133,168
Ramtown
$138,967
4% higher

Housing

Median Rent
Preakness
$1,946
Ramtown
Median Home Value
Preakness
$603,200
Ramtown
$452,500
25% cheaper
Population
Preakness
18,538
Ramtown
6,410

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Preakness $3.32
Ramtown $3.32
US $3.07
🥚
Eggs (grade A, large)
Preakness $2.71
Ramtown $2.71
US $2.50
🥛
Milk (whole)
Preakness $4.36
Ramtown $4.36
US $4.03
🍞
Bread (white)
Preakness $2.00
Ramtown $2.00
US $1.85
🍗
Chicken breast
Preakness $4.49
Ramtown $4.49
US $4.14
Electricity
Preakness $0.24
Ramtown $0.24
US $0.19