Tenafly, NJ vs Troy Hills, NJ

Troy Hills is moderately more affordable than Tenafly, with a 13% lower cost of living index. Tenafly scores 215 compared to 190 for Troy Hills, where the US average is 100. This difference means residents of Tenafly can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Tenafly is $3,143/month compared to $3,250/month in Troy Hills — a 3% difference. Interestingly, home values tell a different story: while Tenafly has cheaper rent, Troy Hills actually has lower median home values ($634,600 vs $974,300).

Median household income in Tenafly is $208,088 compared to $180,618 in Troy Hills (+15.2%). While Tenafly is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Tenafly spend roughly 18.1% of their income on rent, less than the 21.6% in Troy Hills.