Woodland Park, NJ Cost Of Living
Cost Of Living In Woodland Park, NJ Summary
Cost of living in Woodland Park 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 Woodland Park 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 Woodland Park is 132, with 100 being the average.
The cost of living index in Woodland Park is 1.3x higher than the national average.
Woodland Park ranks as the #143 cheapest in New Jersey out of 260.
Woodland Park ranks as the #5,080 cheapest out of 6,489 in the US.
The median home value in Woodland Park is $625,941.
The median income in Woodland Park is $85,638.
Table Of Contents
Woodland Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Woodland Park, NJ?
According to the most recent data on the cost of living, Woodland Park has an overall cost of living index of 132, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Woodland Park has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Woodland Park ranks as #143 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Woodland Park ranks as the #117 most expensive place in the Garden State.
For more reading on life in Woodland Park, check out:
In New Jersey
In America
Woodland Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Woodland Park. Here is how it fairs on each of the criteria:
The Services index in Woodland Park is 105.
The Groceries index in Woodland Park is 102.
The Health index in Woodland Park is 95.
The Housing index in Woodland Park is 191.
The Transportation index in Woodland Park is 109.
The Utilities index in Woodland Park is 112.
| Living Expense | Woodland Park | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 132 | 122 | 100 | |
| Services | 105 | 108 | 100 | |
| Groceries | 102 | 104 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 191 | 159 | 100 | |
| Transportation | 109 | 101 | 100 | |
| Utilities | 112 | 107 | 100 | |
Woodland Park, 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 Woodland Park is $625,941.
The Median Rent in Woodland Park is $1,773.
The Median Income in Woodland Park is $85,638.
The Home Value To Income in Woodland Park is 7.3x.
The Rent To Monthly Income in Woodland Park is 0.25x.
| Statistic | Woodland Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $625,941 | $564,432 | $303,400 |
| Median Rent | $1,773 | $1,653 | $1,348 |
| Median Income | $85,638 | $101,050 | $78,538 |
| Home Value To Income | 7.3x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Woodland Park, NJ Costs By Category
Detailed Woodland Park Services Costs Vs. New Jersey
| Item | Woodland Park | 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 Woodland Park Groceries Costs Vs. New Jersey
| Item | Woodland Park | 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 Woodland Park Health Costs Vs. New Jersey
| Item | Woodland Park | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Woodland Park Transportation Costs Vs. New Jersey
| Item | Woodland Park | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Woodland Park Utilities Costs Vs. New Jersey
| Item | Woodland Park | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Woodland Park SnackAbility
/10
Cost Of Living In Cities Around Woodland Park
The cost of living varies in the cities and towns around Woodland Park. Here's a quick look at the cost of living in the most populous nearby places:
Paterson, NJ has a cost of living index of 114, 0.9x Woodland Park.
Clifton, NJ has a cost of living index of 127, 1.0x Woodland Park.
Elmwood Park, NJ has a cost of living index of 135, 1.0x Woodland Park.
| City | Population | Cost Of Living | Vs. Woodland Park |
|---|---|---|---|
| Paterson, NJ | 157,660 | 114 | 0.9x |
| Clifton, NJ | 89,247 | 127 | 1.0x |
| Elmwood Park, NJ | 21,287 | 135 | 1.0x |
| Upper Montclair, NJ | 12,279 | 180 | 1.4x |
| Dobbs Ferry, NY | 11,397 | 173 | 1.3x |
| Totowa, NJ | 10,919 | 130 | 1.0x |
| Brookdale, NJ | 10,044 | 136 | 1.0x |
| Hillcrest, NY | 8,989 | 140 | 1.1x |
| Haledon, NJ | 8,936 | 117 | 0.9x |
| Hastings-on-Hudson, NY | 8,449 | 172 | 1.3x |
