River Edge, NJ vs Riverdale, NJ

River Edge, NJ and Riverdale, NJ have a very similar cost of living, with only a 3.1% difference in their overall index. River Edge scores 147 while Riverdale scores 142 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 River Edge is $1,811/month compared to $2,351/month in Riverdale — a 23% difference. Interestingly, home values tell a different story: while River Edge has cheaper rent, Riverdale actually has lower median home values ($384,500 vs $637,500).

Median household income in River Edge is $155,827 compared to $96,667 in Riverdale (+61.2%). While River Edge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of River Edge spend roughly 13.9% of their income on rent, less than the 29.2% in Riverdale.