Maywood, NJ Cost Of Living
Cost Of Living In Maywood, NJ Summary
Cost of living in Maywood 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 Maywood 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 Maywood is 141, with 100 being the average.
The cost of living index in Maywood is 1.4x higher than the national average.
Maywood ranks as the #177 cheapest in New Jersey out of 260.
Maywood ranks as the #5,438 cheapest out of 6,489 in the US.
The median home value in Maywood is $665,002.
The median income in Maywood is $119,306.
Table Of Contents
Maywood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Maywood, NJ?
According to the most recent data on the cost of living, Maywood has an overall cost of living index of 141, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Maywood has a cost of living index that's 1.2x higher than New Jersey's index of 122.
The standard of living in Maywood ranks as #177 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Maywood ranks as the #83 most expensive place in the Garden State.
For more reading on life in Maywood, check out:
In New Jersey
In America
Maywood Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Maywood. Here is how it fairs on each of the criteria:
The Services index in Maywood is 129.
The Groceries index in Maywood is 114.
The Health index in Maywood is 120.
The Housing index in Maywood is 201.
The Transportation index in Maywood is 115.
The Utilities index in Maywood is 102.
| Living Expense | Maywood | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 141 | 122 | 100 | |
| Services | 129 | 108 | 100 | |
| Groceries | 114 | 104 | 100 | |
| Health | 120 | 99 | 100 | |
| Housing | 201 | 159 | 100 | |
| Transportation | 115 | 101 | 100 | |
| Utilities | 102 | 107 | 100 | |
Maywood, 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 2019-2023. The key points are:
The Median Home Value in Maywood is $665,002.
The Median Rent in Maywood is $1,932.
The Median Income in Maywood is $119,306.
The Home Value To Income in Maywood is 5.6x.
The Rent To Monthly Income in Maywood is 0.19x.
| Statistic | Maywood | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $665,002 | $564,432 | $303,400 |
| Median Rent | $1,932 | $1,653 | $1,348 |
| Median Income | $119,306 | $101,050 | $78,538 |
| Home Value To Income | 5.6x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Maywood, NJ Costs By Category
Detailed Maywood Services Costs Vs. New Jersey
| Item | Maywood | New Jersey |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Maywood Groceries Costs Vs. New Jersey
| Item | Maywood | New Jersey |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Maywood Health Costs Vs. New Jersey
| Item | Maywood | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Maywood Transportation Costs Vs. New Jersey
| Item | Maywood | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Maywood Utilities Costs Vs. New Jersey
| Item | Maywood | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Maywood SnackAbility
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Cost Of Living In Cities Around Maywood
The cost of living varies in the cities and towns around Maywood. Here's a quick look at the cost of living in the most populous nearby places:
Hackensack, NJ has a cost of living index of 134, 1.0x Maywood.
Garfield, NJ has a cost of living index of 130, 0.9x Maywood.
Paramus, NJ has a cost of living index of 169, 1.2x Maywood.
| City | Population | Cost Of Living | Vs. Maywood |
|---|---|---|---|
| Hackensack, NJ | 45,768 | 134 | 1.0x |
| Garfield, NJ | 32,502 | 130 | 0.9x |
| Paramus, NJ | 26,500 | 169 | 1.2x |
| Lodi, NJ | 25,946 | 132 | 0.9x |
| Elmwood Park, NJ | 21,287 | 135 | 1.0x |
| Eastchester, NY | 20,519 | 167 | 1.2x |
| Mamaroneck, NY | 19,840 | 166 | 1.2x |
| Scarsdale, NY | 18,005 | 279 | 2.0x |
| New Milford, NJ | 16,882 | 148 | 1.0x |
| Hasbrouck Heights, NJ | 12,067 | 138 | 1.0x |
