North Caldwell, NJ Cost Of Living
Cost Of Living In North Caldwell, NJ Summary
Cost of living in North 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 North 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 North Caldwell is 195, with 100 being the average.
The cost of living index in North Caldwell is 1.9x higher than the national average.
North Caldwell ranks as the #252 cheapest in New Jersey out of 260.
North Caldwell ranks as the #6,290 cheapest out of 6,489 in the US.
The median home value in North Caldwell is $1,117,663.
The median income in North Caldwell is $203,140.
Table Of Contents
North Caldwell's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in North Caldwell, NJ?
According to the most recent data on the cost of living, North Caldwell has an overall cost of living index of 195, which is 1.9x higher than the national index of 100.
Compared to New Jersey, North Caldwell has a cost of living index that's 1.6x higher than New Jersey's index of 122.
The standard of living in North Caldwell ranks as #252 most affordable out of the 260 places we measured in New Jersey. By definition, that implies North Caldwell ranks as the #8 most expensive place in the Garden State.
For more reading on life in North Caldwell, check out:
In New Jersey
In America
North Caldwell Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in North Caldwell. Here is how it fairs on each of the criteria:
The Services index in North Caldwell is 109.
The Groceries index in North Caldwell is 101.
The Health index in North Caldwell is 95.
The Housing index in North Caldwell is 400.
The Transportation index in North Caldwell is 110.
The Utilities index in North Caldwell is 111.
| Living Expense | North Caldwell | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 195 | 122 | 100 | |
| Services | 109 | 108 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 400 | 159 | 100 | |
| Transportation | 110 | 101 | 100 | |
| Utilities | 111 | 107 | 100 | |
North 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 2019-2023. The key points are:
The Median Home Value in North Caldwell is $1,117,663.
The Median Rent in North Caldwell is $3,250.
The Median Income in North Caldwell is $203,140.
The Home Value To Income in North Caldwell is 5.5x.
The Rent To Monthly Income in North Caldwell is 0.19x.
| Statistic | North Caldwell | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,117,663 | $564,432 | $303,400 |
| Median Rent | $3,250 | $1,653 | $1,348 |
| Median Income | $203,140 | $101,050 | $78,538 |
| Home Value To Income | 5.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
North Caldwell, NJ Costs By Category
Detailed North Caldwell Services Costs Vs. New Jersey
| Item | North Caldwell | New Jersey |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed North Caldwell Groceries Costs Vs. New Jersey
| Item | North Caldwell | New Jersey |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed North Caldwell Health Costs Vs. New Jersey
| Item | North Caldwell | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed North Caldwell Transportation Costs Vs. New Jersey
| Item | North Caldwell | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed North Caldwell Utilities Costs Vs. New Jersey
| Item | North Caldwell | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
North Caldwell SnackAbility
/10
Cost Of Living In Cities Around North Caldwell
The cost of living varies in the cities and towns around North Caldwell. Here's a quick look at the cost of living in the most populous nearby places:
Pearl River, NY has a cost of living index of 148, 0.8x North Caldwell.
Woodland Park, NJ has a cost of living index of 132, 0.7x North Caldwell.
Florham Park, NJ has a cost of living index of 165, 0.8x North Caldwell.
| City | Population | Cost Of Living | Vs. North Caldwell |
|---|---|---|---|
| Pearl River, NY | 16,282 | 148 | 0.8x |
| Woodland Park, NJ | 13,284 | 132 | 0.7x |
| Florham Park, NJ | 13,134 | 165 | 0.8x |
| Upper Montclair, NJ | 12,279 | 180 | 0.9x |
| Glen Rock, NJ | 12,082 | 165 | 0.8x |
| Hasbrouck Heights, NJ | 12,067 | 138 | 0.7x |
| Suffern, NY | 11,395 | 125 | 0.6x |
| Totowa, NJ | 10,919 | 130 | 0.7x |
| Lincoln Park, NJ | 10,901 | 124 | 0.6x |
| Chestnut Ridge, NY | 10,464 | 149 | 0.8x |
