Caldwell, NJ Cost Of Living

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Updated: 2020-03-08
Caldwell's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Caldwell is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Caldwell, NJ?

According to the most recent data on the cost of living, Caldwell has an overall cost of living index of 139 which is 1.4x higher than the national index of 100.

Compared to only New Jersey, Caldwell has a cost of living index that's 1.1x higher than New Jersey's index of 123.

The standard of living in Caldwell ranks as #5562 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Caldwell ranks as the #845 most expensive place in the Garden State.

For more reading on life in Caldwell, check out:

Caldwell Cost Of Living Vs. New Jersey

Living Expense Caldwell New Jersey National Average
Overall 139 123 100
Services 115 111 100
Groceries 110 110 100
Health 97 102 100
Housing 202 158 100
Transportation 112 110 100
Utilities 105 100 100
For more reading on cost of living around New Jersey, check out:
Caldwell Cost of Living Vs. NJ

Caldwell, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Caldwell New Jersey United States
Median Home Value $456,000 $327,900 $204,900
Median Rent $1,421 $1,295 $1,023
Median Income $87,727 $79,363 $60,293
Home Value To Income 5.2x 4.1x 3.4x
Rent To Monthly Income 0.19x 0.2x 0.2x

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Cost Of Living In Cities Around Caldwell

City Population Cost Of Living Vs. Caldwell
Westfield, NJ 30,086 170 1.2x
Oakland, NJ 13,009 141 1.0x
Woodland Park, NJ 12,489 132 0.9x
Hasbrouck Heights, NJ 12,091 136 1.0x
Glen Rock, NJ 11,826 165 1.2x
Upper Montclair, NJ 11,744 172 1.2x
Florham Park, NJ 11,672 162 1.2x
Totowa, NJ 10,828 134 1.0x
Hillsdale, NJ 10,395 149 1.1x
Lincoln Park, NJ 10,339 130 0.9x

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