Waldwick, NJ Cost Of Living
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 141, with 100 being the average.
The cost of living index in Waldwick is 1.4x higher than the national average.
Waldwick ranks as the #177 cheapest in New Jersey out of 260.
Waldwick ranks as the #5,438 cheapest out of 6,489 in the US.
The median home value in Waldwick is $734,298.
The median income in Waldwick is $155,526.
Table Of Contents
Waldwick's Overall Cost Of Living
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 141, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Waldwick has a cost of living index that's 1.2x higher than New Jersey's index of 122.
The standard of living in Waldwick ranks as #177 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Waldwick ranks as the #83 most expensive place in the Garden State.
For more reading on life in Waldwick, check out:
In New Jersey
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 108.
The Groceries index in Waldwick is 104.
The Health index in Waldwick is 96.
The Housing index in Waldwick is 231.
The Transportation index in Waldwick is 110.
The Utilities index in Waldwick is 112.
| Living Expense | Waldwick | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 141 | 122 | 100 | |
| Services | 108 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 96 | 99 | 100 | |
| Housing | 231 | 159 | 100 | |
| Transportation | 110 | 101 | 100 | |
| Utilities | 112 | 107 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in Waldwick is $734,298.
The Median Rent in Waldwick is $3,189.
The Median Income in Waldwick is $155,526.
The Home Value To Income in Waldwick is 4.7x.
The Rent To Monthly Income in Waldwick is 0.25x.
| Statistic | Waldwick | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $734,298 | $564,432 | $303,400 |
| Median Rent | $3,189 | $1,653 | $1,348 |
| Median Income | $155,526 | $101,050 | $78,538 |
| Home Value To Income | 4.7x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Waldwick, NJ Costs By Category
Detailed Waldwick Services Costs Vs. New Jersey
| Item | Waldwick | 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 Waldwick Groceries Costs Vs. New Jersey
| Item | Waldwick | 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 Waldwick Health Costs Vs. New Jersey
| Item | Waldwick | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Waldwick Transportation Costs Vs. New Jersey
| Item | Waldwick | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Waldwick Utilities Costs Vs. New Jersey
| Item | Waldwick | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Waldwick SnackAbility
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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 180, 1.3x Waldwick.
Eastchester, NY has a cost of living index of 167, 1.2x Waldwick.
Scarsdale, NY has a cost of living index of 279, 2.0x Waldwick.
| City | Population | Cost Of Living | Vs. Waldwick |
|---|---|---|---|
| Ridgewood, NJ | 26,076 | 180 | 1.3x |
| Eastchester, NY | 20,519 | 167 | 1.2x |
| Scarsdale, NY | 18,005 | 279 | 2.0x |
| Ramsey, NJ | 14,722 | 158 | 1.1x |
| Glen Rock, NJ | 12,082 | 165 | 1.2x |
| Franklin Lakes, NJ | 11,011 | 216 | 1.5x |
| Upper Saddle River, NJ | 8,354 | 209 | 1.5x |
| Pleasantville, NY | 7,395 | 176 | 1.2x |
| Briarcliff Manor, NY | 7,333 | 178 | 1.3x |
| Midland Park, NJ | 6,996 | 148 | 1.0x |
