Mountain Lakes, New Jersey vs. Paterson, New Jersey

Cost of Living Comparison

The cost of living in Paterson, New Jersey is 31.5% cheaper than Mountain Lakes, New Jersey.

You would need a salary of $34,246 in Paterson, New Jersey to maintain the standard of living you have in Mountain Lakes, New Jersey.
Comparison highlights
• Overall, Paterson, New Jersey is cheaper than Mountain Lakes, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
56% cheaper in Paterson
than in Mountain Lakes, New Jersey
Mountain Lakes, NJ vs. Paterson, NJ
Compared to Mountain Lakes, Paterson is:
  Homeowner
      No Child Care, Taxes not Considered
  31.5% 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
  7.3% lower
  Housing (Homeowner)
  65.9% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  11.8% higher
  Commute
  3.5% lower
  Health
  1.8% higher
  Taxes
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  Childcare
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  Personal
  10.5% lower
Cost of Food
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