Cost of Living: Fort Lee borough, NJ vs Hoboken, NJ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,144/mo in Fort Lee borough, NJ versus $4,144/mo in Hoboken, NJ. In the model, rent is about 32.86% of gross in Fort Lee borough, NJ versus 41.07% in Hoboken, NJ, so Fort Lee borough, NJ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Fort Lee borough, NJ and Hoboken, NJ.
At a glance
- Cheaper overall (lower cost-of-living index): Hoboken, NJ
- Lower rent (median 1BR/2BR): Fort Lee borough, NJ
- Lower home prices: Fort Lee borough, NJ
- Higher median household income: Hoboken, NJ
Cost of Living Index
Fort Lee borough, NJ: 100 (U.S. = 100) · Hoboken, NJ: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Fort Lee borough, NJ: $2,143/mo (midpoint of 1BR/2BR) · Hoboken, NJ: $2,678/mo
Median rent in Hoboken, NJ is $535/mo higher than in Fort Lee borough, NJ.
Median Home Price
Fort Lee borough, NJ: $422,200 · Hoboken, NJ: $872,100
Median home price in Hoboken, NJ is $449,900 higher than in Fort Lee borough, NJ.
Median Household Income
Fort Lee borough, NJ: $105,535 · Hoboken, NJ: $176,943
Hoboken, NJ has a higher median household income than Fort Lee borough, NJ by $71,408.
Fort Lee borough, NJ overview · Hoboken, NJ overview · Popular comparisons