Cost of Living: Elizabeth, NJ vs Carrollton, TX (2026)

Elizabeth

New Jersey
112
VS

Carrollton

Texas
116

Elizabeth is 4% cheaper than Carrollton.

$1,463/mo ↓ 13%
Median Rent
$1,674/mo ↑ 14%
$63,874/yr ↓ 36%
Median Income
$99,115/yr ↑ 55%
$393,500 ↑ 11%
Home Value
$353,600 ↓ 10%
$1,543/mo ↓ 9%
Owner Costs
$1,689/mo ↑ 9%
135,887
Population
132,741

Tax Comparison

10.75%
Income Tax
0%
6.625%
Sales Tax
6.25%
2.23%
Property Tax
1.6%

Affordability

27.5%
rent-to-income
Affordability
20.3%
rent-to-income

Detailed Comparison

When comparing Elizabeth, NJ and Carrollton, TX, the overall cost of living indices are 112 and 116 respectively (national median = 100). Rent is $211/month cheaper in Elizabeth, saving renters about $2,532/year.

Median household income is $35,241/year higher in Carrollton. Home values also differ significantly — the median in Elizabeth is $393,500 compared to $353,600 in Carrollton.

Texas has no state income tax, giving Carrollton residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Elizabeth vs Carrollton — common questions

Is Elizabeth or Carrollton cheaper to live in?
Based on our cost index, Elizabeth is cheaper to live in with an index of 112 compared to 116 (US average = 100).
What is the rent difference between Elizabeth and Carrollton?
Median rent in Elizabeth is $1,463/month and in Carrollton it's $1,674/month — a difference of $211/month.
Which city has higher income, Elizabeth or Carrollton?
Median household income is $63,874 in Elizabeth and $99,115 in Carrollton. Median household income is $35,241/year higher in Carrollton.
How do taxes compare between New Jersey and Texas?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Elizabeth or Carrollton?
It depends on your priorities. Elizabeth has a cost index of 112 with median rent of $1,463/mo, while Carrollton has a cost index of 116 with rent of $1,674/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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