Median rent is 21% lower in New York ($1,779/mo vs $2,255/mo). Buying is cheaper in Fort Lee, where the median home runs $422,200 versus $751,700. Households earn more in Fort Lee ($105,535 vs $79,713 a year).
City A
Fort Lee, NJ
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Fort Lee, NJ?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Fort Lee
New Jersey
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in New York — median rent of $1,779/mo versus $2,255/mo in Fort Lee, a 21% difference. Home buyers face a steeper market in New York: the median home is $751,700 versus $422,200 in Fort Lee — 44% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
New Jersey's top income tax rate is 10.75% versus 10.90% in New York, so Fort Lee is more tax-friendly for high earners. Sales tax is 6.63% in New Jersey and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Fort Lee
Income tax: 10.75%
Sales tax: 6.63%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Fort Lee.
Pick Fort Lee if you prioritize higher median household income ($105,535/yr).
Pick New York if you prioritize cheaper rent ($1,779/mo median).
Pick Fort Lee if you prioritize lower state income tax (10.75%).
Is Fort Lee cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Fort Lee vs New York?
Median rent is $2,255/mo in Fort Lee, NJ and $1,779/mo in New York, NY. New York, NY has the lower rent by about 21%.
Which has higher salaries — Fort Lee or New York?
Median household income is $105,535 in Fort Lee, NJ and $79,713 in New York, NY. Fort Lee, NJ has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Fort Lee or New York?
New Jersey's top income tax rate is 10.75% and New York's is 10.90%. Fort Lee, NJ has the lower rate.
What salary do I need in New York to match my Fort Lee income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology