Cost of Living: Lodi borough, NJ vs Paterson, NJ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,144/mo in Lodi borough, NJ versus $4,144/mo in Paterson, NJ. In the model, rent is about 24.41% of gross in Lodi borough, NJ versus 21.22% in Paterson, NJ, so Paterson, NJ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lodi borough, NJ and Paterson, NJ.
At a glance
- Cheaper overall (lower cost-of-living index): Paterson, NJ
- Lower rent (median 1BR/2BR): Paterson, NJ
- Lower home prices: Paterson, NJ
- Higher median household income: Lodi borough, NJ
Cost of Living Index
Lodi borough, NJ: 100 (U.S. = 100) · Paterson, NJ: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Lodi borough, NJ: $1,592/mo (midpoint of 1BR/2BR) · Paterson, NJ: $1,384/mo
Median rent in Lodi borough, NJ is $208/mo higher than in Paterson, NJ.
Median Home Price
Lodi borough, NJ: $449,200 · Paterson, NJ: $335,400
Median home price in Lodi borough, NJ is $113,800 higher than in Paterson, NJ.
Median Household Income
Lodi borough, NJ: $84,570 · Paterson, NJ: $53,766
Lodi borough, NJ has a higher median household income than Paterson, NJ by $30,804.
Lodi borough, NJ overview · Paterson, NJ overview · Popular comparisons