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Housing
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Health
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Cost of Living Calculator - Franklin Lakes, New Jersey vs Morristown, New Jersey

The cost of living in Morristown, New Jersey is 21.6% cheaper than Franklin Lakes, New Jersey.

You would need a salary of $58,827 in Morristown, New Jersey to maintain the standard of living you have in Franklin Lakes, New Jersey.
Comparison highlights
• Overall, Morristown, New Jersey is cheaper than Franklin Lakes, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
39% cheaper in Morristown
than in Franklin Lakes, New Jersey
Franklin Lakes, NJ vs Morristown, NJ
Compared to Franklin Lakes, Morristown is:
  Homeowner
      No Child Care, Taxes not Considered
  21.6% lower
      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
  4.8% lower
  Housing (Homeowner)
  54.0% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  7.7% lower
  Commute
  9.0% lower
  Health
  1.5% higher
  Taxes
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  Childcare
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  Personal
  5.8% higher
Cost of Food
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