Waldwick, NJ Cost Of Living

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

Cost Of Living In Waldwick, NJ Summary

Cost of living in Waldwick 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 Waldwick 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 Waldwick is 143, with 100 being the average.

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

  • Waldwick ranks as the #183 cheapest in New Jersey out of 251.

  • Waldwick ranks as the #5,677 cheapest out of 6,412 in the US.

  • The median home value in Waldwick is $483,200.

  • The median income in Waldwick is $132,315.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
143
Waldwick's Overall Cost Of Living
1.4x
Higher Than The National Average

What is the cost of living in Waldwick, NJ?

According to the most recent data on the cost of living, Waldwick has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.

Compared to New Jersey, Waldwick has a cost of living index that's 1.3x higher than New Jersey's index of 111.

The standard of living in Waldwick ranks as #183 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Waldwick ranks as the #68 most expensive place in the Garden State.

For more reading on life in Waldwick, check out:

183 out of 251
In New Jersey
5,677 out of 6,412
In America

Waldwick Cost Of Living Vs. New Jersey

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

  • The Services index in Waldwick is 113.

  • The Groceries index in Waldwick is 107.

  • The Health index in Waldwick is 98.

  • The Housing index in Waldwick is 225.

  • The Transportation index in Waldwick is 109.

  • The Utilities index in Waldwick is 104.

Living Expense Waldwick New Jersey National Average
Overall 143 111 100
Services 113 104 100
Groceries 107 104 100
Health 98 95 100
Housing 225 130 100
Transportation 109 106 100
Utilities 104 108 100
For more reading on cost of living around New Jersey, check out:
Waldwick Cost of Living Vs. NJ

Waldwick, 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 Waldwick is $483,200.

  • The Median Rent in Waldwick is $1,810.

  • The Median Income in Waldwick is $132,315.

  • The Home Value To Income in Waldwick is 3.7x.

  • The Rent To Monthly Income in Waldwick is 0.16x.

Statistic Waldwick New Jersey United States
Median Home Value $483,200 $355,700 $244,900
Median Rent $1,810 $1,436 $1,163
Median Income $132,315 $89,703 $69,021
Home Value To Income 3.7x 4.0x 3.5x
Rent To Monthly Income 0.16x 0.19x 0.2x
Search Homes For Sale In Waldwick, NJ
$483,200
Median Home Value
$1,810
Median Rent
$132,315
Median Income

Waldwick, NJ Costs By Category

Detailed Waldwick Services Costs Vs. New Jersey

Item Waldwick 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 Waldwick Groceries Costs Vs. New Jersey

Item Waldwick 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 Waldwick Health Costs Vs. New Jersey

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

Detailed Waldwick Transportation Costs Vs. New Jersey

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

Detailed Waldwick Utilities Costs Vs. New Jersey

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

Waldwick SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
9.5
Affordability
8
Diversity
8
Safety
9
Amenities
9
Education
8.5
Commute
6

Cost Of Living In Cities Around Waldwick

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

  • Ridgewood, NJ has a cost of living index of 176, 1.2x Waldwick.

  • Eastchester, NY has a cost of living index of 163, 1.1x Waldwick.

  • Scarsdale, NY has a cost of living index of 265, 1.9x Waldwick.

City Population Cost Of Living Vs. Waldwick
Ridgewood, NJ 25,991 176 1.2x
Eastchester, NY 20,636 163 1.1x
Scarsdale, NY 18,063 265 1.9x
Ramsey, NJ 14,801 154 1.1x
Glen Rock, NJ 12,098 163 1.1x
Franklin Lakes, NJ 11,034 207 1.4x
Upper Saddle River, NJ 8,352 203 1.4x
Briarcliff Manor, NY 7,587 175 1.2x
Pleasantville, NY 7,469 164 1.1x
Tappan, NY 7,153 159 1.1x

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