Cost of Living: Addison, IL vs Carteret borough, NJ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Addison, IL versus $4,144/mo in Carteret borough, NJ. In the model, rent is about 18.03% of gross in Addison, IL versus 29.31% in Carteret borough, NJ, so Addison, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Addison, IL and Carteret borough, NJ.
At a glance
- Cheaper overall (lower cost-of-living index): Carteret borough, NJ
- Lower rent (median 1BR/2BR): Addison, IL
- Lower home prices: Addison, IL
- Higher median household income: Addison, IL
Cost of Living Index
Addison, IL: 100 (U.S. = 100) · Carteret borough, NJ: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Addison, IL: $1,176/mo (midpoint of 1BR/2BR) · Carteret borough, NJ: $1,912/mo
Median rent in Carteret borough, NJ is $736/mo higher than in Addison, IL.
Median Home Price
Addison, IL: $318,000 · Carteret borough, NJ: $370,200
Median home price in Carteret borough, NJ is $52,200 higher than in Addison, IL.
Median Household Income
Addison, IL: $87,587 · Carteret borough, NJ: $87,553
Addison, IL has a higher median household income than Carteret borough, NJ by $34.
Addison, IL overview · Carteret borough, NJ overview · Popular comparisons