Maywood, NJ Cost Of Living

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

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 147, with 100 being the average.

  • The cost of living index in Maywood is 1.5x higher than the national average.

  • Maywood ranks as the #193 cheapest in New Jersey out of 251.

  • Maywood ranks as the #5,771 cheapest out of 6,412 in the US.

  • The median home value in Maywood is $417,200.

  • The median income in Maywood is $99,832.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
147
Maywood's Overall Cost Of Living
1.5x
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 147, which is 1.5x higher than the national index of 100.

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

The standard of living in Maywood ranks as #193 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Maywood ranks as the #58 most expensive place in the Garden State.

For more reading on life in Maywood, check out:

193 out of 251
In New Jersey
5,771 out of 6,412
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 131.

  • The Groceries index in Maywood is 146.

  • The Health index in Maywood is 111.

  • The Housing index in Maywood is 186.

  • The Transportation index in Maywood is 130.

  • The Utilities index in Maywood is 99.

Living Expense Maywood New Jersey National Average
Overall 147 111 100
Services 131 104 100
Groceries 146 104 100
Health 111 95 100
Housing 186 130 100
Transportation 130 106 100
Utilities 99 108 100
For more reading on cost of living around New Jersey, check out:
Maywood Cost of Living Vs. NJ

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 2017-2021. The key points are:

  • The Median Home Value in Maywood is $417,200.

  • The Median Rent in Maywood is $1,763.

  • The Median Income in Maywood is $99,832.

  • The Home Value To Income in Maywood is 4.2x.

  • The Rent To Monthly Income in Maywood is 0.21x.

Statistic Maywood New Jersey United States
Median Home Value $417,200 $355,700 $244,900
Median Rent $1,763 $1,436 $1,163
Median Income $99,832 $89,703 $69,021
Home Value To Income 4.2x 4.0x 3.5x
Rent To Monthly Income 0.21x 0.19x 0.2x
Search Homes For Sale In Maywood, NJ
$417,200
Median Home Value
$1,763
Median Rent
$99,832
Median Income

Maywood, NJ Costs By Category

Detailed Maywood Services Costs Vs. New Jersey

Item Maywood New Jersey
Shampoo $1.67 $1.06
Movie $16.31 $10.68
Bowling $20.49 $14.67
Haircut $23.25 $18.62
Beauty Salon $60.79 $39.05

Detailed Maywood Groceries Costs Vs. New Jersey

Item Maywood New Jersey
Ground Beef $6.4 $4.22
Fried Chicken $2.65 $1.39
Milk $3.11 $2.05
Potatoes $4.16 $3.29
Pizza $12.33 $10.62
Beer $12.01 $9.38
Toothpaste $4.42 $2.34

Detailed Maywood Health Costs Vs. New Jersey

Item Maywood New Jersey
Optometrist $108.08 $108.57
Doctor $106.72 $116.17
Dentist $124.43 $99.13

Detailed Maywood Transportation Costs Vs. New Jersey

Item Maywood New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed Maywood Utilities Costs Vs. New Jersey

Item Maywood New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

Maywood SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
6
Diversity
9.5
Safety
9
Amenities
9
Education
8.5
Commute
6

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, 0.9x Maywood.

  • Garfield, NJ has a cost of living index of 128, 0.9x Maywood.

  • Paramus, NJ has a cost of living index of 159, 1.1x Maywood.

City Population Cost Of Living Vs. Maywood
Hackensack, NJ 45,723 134 0.9x
Garfield, NJ 32,481 128 0.9x
Paramus, NJ 26,650 159 1.1x
Lodi, NJ 25,983 127 0.9x
Elmwood Park, NJ 21,239 129 0.9x
Eastchester, NY 20,636 163 1.1x
Mamaroneck, NY 19,989 165 1.1x
Scarsdale, NY 18,063 265 1.8x
New Milford, NJ 16,912 147 1.0x
Hasbrouck Heights, NJ 12,120 134 0.9x

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