What is a pro or con of living in Franklin Lakes, New Jerseycompared to Lower Merion, Pennsylvania?

Median Home Cost is 46% more expensive in Franklin Lakes.

What salary do I need to live in Franklin Lakes, New Jersey copmared to Lower Merion, Pennsylvania?

A salary of $50,000 in Lower Merion, Pennsylvania should increase to $56,257 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.

LOWER MERION vs. FRANKLIN LAKES
Cost of Living Comparison

Lower Merion, Pennsylvania vs. Franklin Lakes, New Jersey

Cost of Living Comparison

The cost of living in Franklin Lakes, New Jersey is 12.5% more expensive than Lower Merion, Pennsylvania.

You would need a salary of $56,257 in Franklin Lakes, New Jersey to maintain the standard of living you have in Lower Merion, Pennsylvania.

Comparison highlights

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

Median Home Cost
46% more expensive in Franklin Lakes
than in Lower Merion, Pennsylvania

Lower Merion, PA vs. Franklin Lakes, NJ

Compared to Lower Merion, Franklin Lakes is:

Homeowner

No Child Care, Taxes not Considered

12.5% 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

0.6% higher

Housing (Homeowner)

40.1% higher

Housing (Rent)

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Median Home Cost

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Utilities

3.3% higher

Commute

34.0% higher

Health

3.2% lower

Taxes

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Childcare

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Personal

1.3% higher

Cost of Food

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Lower Merion, Pennsylvania vs. Franklin Lakes, New Jersey

Cost of Living Comparison

Comparison highlights

Lower Merion, PA vs. Franklin Lakes, NJ

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