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

Median Home Cost is 32% more expensive in Franklin Lakes.

What salary do I need to live in Franklin Lakes, New Jersey copmared to North Caldwell, New Jersey?

A salary of $50,000 in North Caldwell, New Jersey should increase to $57,863 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.

NORTH CALDWELL vs. FRANKLIN LAKES
Cost of Living Comparison

North Caldwell, New Jersey vs. Franklin Lakes, New Jersey

Cost of Living Comparison

The cost of living in Franklin Lakes, New Jersey is 15.7% more expensive than North Caldwell, New Jersey.

You would need a salary of $57,863 in Franklin Lakes, New Jersey to maintain the standard of living you have in North Caldwell, New Jersey.

Comparison highlights

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

Median Home Cost
32% more expensive in Franklin Lakes
than in North Caldwell, New Jersey

North Caldwell, NJ vs. Franklin Lakes, NJ

Compared to North Caldwell, Franklin Lakes is:

Homeowner

No Child Care, Taxes not Considered

15.7% 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

5.9% higher

Housing (Homeowner)

36.2% higher

Housing (Rent)

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Median Home Cost

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Utilities

0.6% higher

Commute

2.8% lower

Health

1.2% lower

Taxes

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Childcare

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Personal

0.6% lower

Cost of Food

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North Caldwell, New Jersey vs. Franklin Lakes, New Jersey

Cost of Living Comparison

Comparison highlights

North Caldwell, NJ vs. Franklin Lakes, NJ

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