Caldwell, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Caldwell, NJ Summary

Cost of living in Caldwell research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Caldwell is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Caldwell is 138, with 100 being the average.

  • The cost of living index in Caldwell is 1.4x higher than the national average.

  • Caldwell ranks as the #165 cheapest in New Jersey out of 251.

  • Caldwell ranks as the #5,521 cheapest out of 6,412 in the US.

  • The median home value in Caldwell is $460,800.

  • The median income in Caldwell is $107,596.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
138
Caldwell's Overall Cost Of Living
1.4x
Higher Than The National Average

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 138, which is 1.4x higher than the national index of 100.

Compared to New Jersey, Caldwell has a cost of living index that's 1.2x higher than New Jersey's index of 111.

The standard of living in Caldwell ranks as #165 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Caldwell ranks as the #86 most expensive place in the Garden State.

For more reading on life in Caldwell, check out:

165 out of 251
In New Jersey
5,521 out of 6,412
In America

Caldwell Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Caldwell. Here is how it fairs on each of the criteria:

  • The Services index in Caldwell is 115.

  • The Groceries index in Caldwell is 105.

  • The Health index in Caldwell is 96.

  • The Housing index in Caldwell is 203.

  • The Transportation index in Caldwell is 108.

  • The Utilities index in Caldwell is 104.

Living Expense Caldwell New Jersey National Average
Overall 138 111 100
Services 115 104 100
Groceries 105 104 100
Health 96 95 100
Housing 203 130 100
Transportation 108 106 100
Utilities 104 108 100
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 housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Caldwell is $460,800.

  • The Median Rent in Caldwell is $1,766.

  • The Median Income in Caldwell is $107,596.

  • The Home Value To Income in Caldwell is 4.3x.

  • The Rent To Monthly Income in Caldwell is 0.2x.

Statistic Caldwell New Jersey United States
Median Home Value $460,800 $355,700 $244,900
Median Rent $1,766 $1,436 $1,163
Median Income $107,596 $89,703 $69,021
Home Value To Income 4.3x 4.0x 3.5x
Rent To Monthly Income 0.2x 0.19x 0.2x
Search Homes For Sale In Caldwell, NJ
$460,800
Median Home Value
$1,766
Median Rent
$107,596
Median Income

Caldwell, NJ Costs By Category

Detailed Caldwell Services Costs Vs. New Jersey

Item Caldwell New Jersey
Shampoo $1.0 $1.06
Movie $12.49 $10.68
Bowling $18.0 $14.67
Haircut $20.93 $18.62
Beauty Salon $36.53 $39.05

Detailed Caldwell Groceries Costs Vs. New Jersey

Item Caldwell New Jersey
Ground Beef $4.09 $4.22
Fried Chicken $1.79 $1.39
Milk $2.44 $2.05
Potatoes $3.25 $3.29
Pizza $11.36 $10.62
Beer $9.32 $9.38
Toothpaste $2.22 $2.34

Detailed Caldwell Health Costs Vs. New Jersey

Item Caldwell New Jersey
Optometrist $106.0 $108.57
Doctor $91.0 $116.17
Dentist $102.33 $99.13

Detailed Caldwell Transportation Costs Vs. New Jersey

Item Caldwell New Jersey
Gasoline $2.37 $2.22
Tire Balancing $54.12 $50.07

Detailed Caldwell Utilities Costs Vs. New Jersey

Item Caldwell New Jersey
All Electricity $178.53 $167.67
Phone $179.87 $175.64

Caldwell SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
6
Diversity
8.5
Safety
9
Amenities
9
Education
9
Commute
6

Cost Of Living In Cities Around Caldwell

The cost of living varies in the cities and towns around Caldwell. Here's a quick look at the cost of living in the most populous nearby places:

  • Westfield, NJ has a cost of living index of 170, 1.2x Caldwell.

  • Woodland Park, NJ has a cost of living index of 133, 1.0x Caldwell.

  • Oakland, NJ has a cost of living index of 138, 1.0x Caldwell.

City Population Cost Of Living Vs. Caldwell
Westfield, NJ 30,950 170 1.2x
Woodland Park, NJ 13,265 133 1.0x
Oakland, NJ 12,773 138 1.0x
Florham Park, NJ 12,655 165 1.2x
Hasbrouck Heights, NJ 12,120 134 1.0x
Glen Rock, NJ 12,098 163 1.2x
Upper Montclair, NJ 12,033 169 1.2x
Totowa, NJ 11,013 131 0.9x
Lincoln Park, NJ 10,877 124 0.9x
Hillsdale, NJ 10,166 162 1.2x

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