Caldwell, NJ Cost Of Living
Cost Of Living In Caldwell, NJ Summary
Cost of living in 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 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 Caldwell is 138, with 100 being the average.
The cost of living index in Caldwell is 1.4x higher than the national average.
Caldwell ranks as the #165 cheapest in New Jersey out of 251.
Caldwell ranks as the #5,521 cheapest out of 6,412 in the US.
The median home value in Caldwell is $460,800.
The median income in Caldwell is $107,596.
Table Of Contents
Caldwell's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Caldwell, NJ?
According to the most recent data on the cost of living, Caldwell has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Caldwell has a cost of living index that's 1.2x higher than New Jersey's index of 111.
The standard of living in Caldwell ranks as #165 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Caldwell ranks as the #86 most expensive place in the Garden State.
For more reading on life in Caldwell, check out:
- Living In Caldwell
- Caldwell Crime Report
- Search Homes For Sale In Caldwell, NJ
In New Jersey
In America
Caldwell Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Caldwell. Here is how it fairs on each of the criteria:
The Services index in Caldwell is 115.
The Groceries index in Caldwell is 105.
The Health index in Caldwell is 96.
The Housing index in Caldwell is 203.
The Transportation index in Caldwell is 108.
The Utilities index in Caldwell is 104.
| Living Expense | Caldwell | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 138 | 111 | 100 | |
| Services | 115 | 104 | 100 | |
| Groceries | 105 | 104 | 100 | |
| Health | 96 | 95 | 100 | |
| Housing | 203 | 130 | 100 | |
| Transportation | 108 | 106 | 100 | |
| Utilities | 104 | 108 | 100 | |
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 2017-2021. The key points are:
The Median Home Value in Caldwell is $460,800.
The Median Rent in Caldwell is $1,766.
The Median Income in Caldwell is $107,596.
The Home Value To Income in Caldwell is 4.3x.
The Rent To Monthly Income in Caldwell is 0.2x.
| Statistic | Caldwell | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $460,800 | $355,700 | $244,900 |
| Median Rent | $1,766 | $1,436 | $1,163 |
| Median Income | $107,596 | $89,703 | $69,021 |
| Home Value To Income | 4.3x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Caldwell, NJ Costs By Category
Detailed Caldwell Services Costs Vs. New Jersey
| Item | Caldwell | New Jersey |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $12.49 | $10.68 |
| Bowling | $18.0 | $14.67 |
| Haircut | $20.93 | $18.62 |
| Beauty Salon | $36.53 | $39.05 |
Detailed Caldwell Groceries Costs Vs. New Jersey
| Item | Caldwell | New Jersey |
|---|---|---|
| Ground Beef | $4.09 | $4.22 |
| Fried Chicken | $1.79 | $1.39 |
| Milk | $2.44 | $2.05 |
| Potatoes | $3.25 | $3.29 |
| Pizza | $11.36 | $10.62 |
| Beer | $9.32 | $9.38 |
| Toothpaste | $2.22 | $2.34 |
Detailed Caldwell Health Costs Vs. New Jersey
| Item | Caldwell | New Jersey |
|---|---|---|
| Optometrist | $106.0 | $108.57 |
| Doctor | $91.0 | $116.17 |
| Dentist | $102.33 | $99.13 |
Detailed Caldwell Transportation Costs Vs. New Jersey
| Item | Caldwell | New Jersey |
|---|---|---|
| Gasoline | $2.37 | $2.22 |
| Tire Balancing | $54.12 | $50.07 |
Detailed Caldwell Utilities Costs Vs. New Jersey
| Item | Caldwell | New Jersey |
|---|---|---|
| All Electricity | $178.53 | $167.67 |
| Phone | $179.87 | $175.64 |
Caldwell SnackAbility
/10
Cost Of Living In Cities Around Caldwell
The cost of living varies in the cities and towns around Caldwell. Here's a quick look at the cost of living in the most populous nearby places:
Westfield, NJ has a cost of living index of 170, 1.2x Caldwell.
Woodland Park, NJ has a cost of living index of 133, 1.0x Caldwell.
Oakland, NJ has a cost of living index of 138, 1.0x Caldwell.
| City | Population | Cost Of Living | Vs. Caldwell |
|---|---|---|---|
| Westfield, NJ | 30,950 | 170 | 1.2x |
| Woodland Park, NJ | 13,265 | 133 | 1.0x |
| Oakland, NJ | 12,773 | 138 | 1.0x |
| Florham Park, NJ | 12,655 | 165 | 1.2x |
| Hasbrouck Heights, NJ | 12,120 | 134 | 1.0x |
| Glen Rock, NJ | 12,098 | 163 | 1.2x |
| Upper Montclair, NJ | 12,033 | 169 | 1.2x |
| Totowa, NJ | 11,013 | 131 | 0.9x |
| Lincoln Park, NJ | 10,877 | 124 | 0.9x |
| Hillsdale, NJ | 10,166 | 162 | 1.2x |
