Westwood, NJ Cost Of Living
Cost Of Living In Westwood, NJ Summary
Cost of living in Westwood 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 Westwood 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 Westwood is 155, with 100 being the average.
The cost of living index in Westwood is 1.6x higher than the national average.
Westwood ranks as the #209 cheapest in New Jersey out of 260.
Westwood ranks as the #5,809 cheapest out of 6,489 in the US.
The median home value in Westwood is $739,337.
The median income in Westwood is $169,026.
Table Of Contents
Westwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Westwood, NJ?
According to the most recent data on the cost of living, Westwood has an overall cost of living index of 155, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Westwood has a cost of living index that's 1.3x higher than New Jersey's index of 122.
The standard of living in Westwood ranks as #209 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Westwood ranks as the #51 most expensive place in the Garden State.
For more reading on life in Westwood, check out:
In New Jersey
In America
Westwood Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Westwood. Here is how it fairs on each of the criteria:
The Services index in Westwood is 125.
The Groceries index in Westwood is 114.
The Health index in Westwood is 121.
The Housing index in Westwood is 234.
The Transportation index in Westwood is 116.
The Utilities index in Westwood is 104.
| Living Expense | Westwood | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 155 | 122 | 100 | |
| Services | 125 | 108 | 100 | |
| Groceries | 114 | 104 | 100 | |
| Health | 121 | 99 | 100 | |
| Housing | 234 | 159 | 100 | |
| Transportation | 116 | 101 | 100 | |
| Utilities | 104 | 107 | 100 | |
Westwood, 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 Westwood is $739,337.
The Median Rent in Westwood is $2,351.
The Median Income in Westwood is $169,026.
The Home Value To Income in Westwood is 4.4x.
The Rent To Monthly Income in Westwood is 0.17x.
| Statistic | Westwood | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $739,337 | $564,432 | $303,400 |
| Median Rent | $2,351 | $1,653 | $1,348 |
| Median Income | $169,026 | $101,050 | $78,538 |
| Home Value To Income | 4.4x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Westwood, NJ Costs By Category
Detailed Westwood Services Costs Vs. New Jersey
| Item | Westwood | 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 Westwood Groceries Costs Vs. New Jersey
| Item | Westwood | 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 Westwood Health Costs Vs. New Jersey
| Item | Westwood | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Westwood Transportation Costs Vs. New Jersey
| Item | Westwood | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Westwood Utilities Costs Vs. New Jersey
| Item | Westwood | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Westwood SnackAbility
/10
Cost Of Living In Cities Around Westwood
The cost of living varies in the cities and towns around Westwood. Here's a quick look at the cost of living in the most populous nearby places:
Paramus, NJ has a cost of living index of 169, 1.1x Westwood.
Eastchester, NY has a cost of living index of 167, 1.1x Westwood.
Mamaroneck, NY has a cost of living index of 166, 1.1x Westwood.
| City | Population | Cost Of Living | Vs. Westwood |
|---|---|---|---|
| Paramus, NJ | 26,500 | 169 | 1.1x |
| Eastchester, NY | 20,519 | 167 | 1.1x |
| Mamaroneck, NY | 19,840 | 166 | 1.1x |
| Hillsdale, NJ | 10,086 | 160 | 1.0x |
| Park Ridge, NJ | 9,218 | 167 | 1.1x |
| Oradell, NJ | 8,197 | 172 | 1.1x |
| Pleasantville, NY | 7,395 | 176 | 1.1x |
| Briarcliff Manor, NY | 7,333 | 178 | 1.1x |
| Emerson, NJ | 7,263 | 163 | 1.1x |
| Tappan, NY | 6,704 | 161 | 1.0x |
