Troy, Michigan vs. Red Bank, New Jersey

Cost of Living Comparison

The cost of living in Red Bank, New Jersey is 13.3% more expensive than Troy, Michigan.

You would need a salary of $56,649 in Red Bank, New Jersey to maintain the standard of living you have in Troy, Michigan.
Comparison highlights
• Overall, Red Bank, New Jersey is more expensive than Troy, Michigan
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
45% more expensive in Red Bank
than in Troy, Michigan
Troy, MI vs. Red Bank, NJ
Compared to Troy, Red Bank is:
  Homeowner
      No Child Care, Taxes not Considered
  13.3% 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
  5.2% higher
  Housing (Homeowner)
  12.6% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  3.2% higher
  Commute
  17.7% lower
  Health
  23.0% higher
  Taxes
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  Childcare
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  Personal
  2.2% higher
Cost of Food
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