Woodcliff Lake, NJ Cost Of Living
Cost Of Living In Woodcliff Lake, NJ Summary
Cost of living in Woodcliff Lake 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 Woodcliff Lake 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 Woodcliff Lake is 188, with 100 being the average.
The cost of living index in Woodcliff Lake is 1.9x higher than the national average.
Woodcliff Lake ranks as the #249 cheapest in New Jersey out of 260.
Woodcliff Lake ranks as the #6,252 cheapest out of 6,489 in the US.
The median home value in Woodcliff Lake is $1,225,111.
The median income in Woodcliff Lake is $211,233.
Table Of Contents
Woodcliff Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Woodcliff Lake, NJ?
According to the most recent data on the cost of living, Woodcliff Lake has an overall cost of living index of 188, which is 1.9x higher than the national index of 100.
Compared to New Jersey, Woodcliff Lake has a cost of living index that's 1.5x higher than New Jersey's index of 122.
The standard of living in Woodcliff Lake ranks as #249 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Woodcliff Lake ranks as the #11 most expensive place in the Garden State.
For more reading on life in Woodcliff Lake, check out:
In New Jersey
In America
Woodcliff Lake Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Woodcliff Lake. Here is how it fairs on each of the criteria:
The Services index in Woodcliff Lake is 108.
The Groceries index in Woodcliff Lake is 104.
The Health index in Woodcliff Lake is 96.
The Housing index in Woodcliff Lake is 382.
The Transportation index in Woodcliff Lake is 108.
The Utilities index in Woodcliff Lake is 113.
| Living Expense | Woodcliff Lake | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 188 | 122 | 100 | |
| Services | 108 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 96 | 99 | 100 | |
| Housing | 382 | 159 | 100 | |
| Transportation | 108 | 101 | 100 | |
| Utilities | 113 | 107 | 100 | |
Woodcliff Lake, 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 Woodcliff Lake is $1,225,111.
The Median Rent in Woodcliff Lake is $2,629.
The Median Income in Woodcliff Lake is $211,233.
The Home Value To Income in Woodcliff Lake is 5.8x.
The Rent To Monthly Income in Woodcliff Lake is 0.15x.
| Statistic | Woodcliff Lake | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,225,111 | $564,432 | $303,400 |
| Median Rent | $2,629 | $1,653 | $1,348 |
| Median Income | $211,233 | $101,050 | $78,538 |
| Home Value To Income | 5.8x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Woodcliff Lake, NJ Costs By Category
Detailed Woodcliff Lake Services Costs Vs. New Jersey
| Item | Woodcliff Lake | 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 Woodcliff Lake Groceries Costs Vs. New Jersey
| Item | Woodcliff Lake | 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 Woodcliff Lake Health Costs Vs. New Jersey
| Item | Woodcliff Lake | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Woodcliff Lake Transportation Costs Vs. New Jersey
| Item | Woodcliff Lake | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Woodcliff Lake Utilities Costs Vs. New Jersey
| Item | Woodcliff Lake | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Woodcliff Lake SnackAbility
/10
Cost Of Living In Cities Around Woodcliff Lake
The cost of living varies in the cities and towns around Woodcliff Lake. Here's a quick look at the cost of living in the most populous nearby places:
Eastchester, NY has a cost of living index of 167, 0.9x Woodcliff Lake.
Mamaroneck, NY has a cost of living index of 166, 0.9x Woodcliff Lake.
Pearl River, NY has a cost of living index of 148, 0.8x Woodcliff Lake.
| City | Population | Cost Of Living | Vs. Woodcliff Lake |
|---|---|---|---|
| Eastchester, NY | 20,519 | 167 | 0.9x |
| Mamaroneck, NY | 19,840 | 166 | 0.9x |
| Pearl River, NY | 16,282 | 148 | 0.8x |
| Westwood, NJ | 11,221 | 155 | 0.8x |
| Waldwick, NJ | 10,090 | 141 | 0.8x |
| Hillsdale, NJ | 10,086 | 160 | 0.9x |
| Park Ridge, NJ | 9,218 | 167 | 0.9x |
| Montvale, NJ | 8,625 | 171 | 0.9x |
| Upper Saddle River, NJ | 8,354 | 209 | 1.1x |
| Pleasantville, NY | 7,395 | 176 | 0.9x |
