What is a pro or con of living in Franklin Lakes, New Jerseycompared to Florham Park, New Jersey?

Median Home Cost is 63% more expensive in Franklin Lakes.

What salary do I need to live in Franklin Lakes, New Jersey copmared to Florham Park, New Jersey?

A salary of $50,000 in Florham Park, New Jersey should increase to $60,393 in Franklin Lakes, New Jersey (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

FLORHAM PARK vs. FRANKLIN LAKES
Cost of Living Comparison

Florham Park, New Jersey vs. Franklin Lakes, New Jersey

Cost of Living Comparison

The cost of living in Franklin Lakes, New Jersey is 20.8% more expensive than Florham Park, New Jersey.

You would need a salary of $60,393 in Franklin Lakes, New Jersey to maintain the standard of living you have in Florham Park, New Jersey.

Comparison highlights

• Overall, Franklin Lakes, New Jersey is more expensive than Florham Park, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
63% more expensive in Franklin Lakes
than in Florham Park, New Jersey

Florham Park, NJ vs. Franklin Lakes, NJ

Compared to Florham Park, Franklin Lakes is:

Homeowner

No Child Care, Taxes not Considered

20.8% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

3.6% higher

Housing (Homeowner)

46.0% higher

Housing (Rent)

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Median Home Cost

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Utilities

1.3% higher

Commute

4.6% higher

Health

1.5% lower

Taxes

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Childcare

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Personal

5.5% lower

Cost of Food

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Florham Park, New Jersey vs. Franklin Lakes, New Jersey

Cost of Living Comparison

Comparison highlights

Florham Park, NJ vs. Franklin Lakes, NJ

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