Cost of living in Maywood 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 Maywood 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 Maywood is 147, with 100 being the average.
The cost of living index in Maywood is 1.5x higher than the national average.
Maywood ranks as the #193 cheapest in New Jersey out of 251.
Maywood ranks as the #5,771 cheapest out of 6,412 in the US.
The median home value in Maywood is $417,200.
The median income in Maywood is $99,832.
According to the most recent data on the cost of living, Maywood has an overall cost of living index of 147, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Maywood has a cost of living index that's 1.3x higher than New Jersey's index of 111.
The standard of living in Maywood ranks as #193 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Maywood ranks as the #58 most expensive place in the Garden State.
For more reading on life in Maywood, check out:
Six factors go into calculating the cost of living index in Maywood. Here is how it fairs on each of the criteria:
The Services index in Maywood is 131.
The Groceries index in Maywood is 146.
The Health index in Maywood is 111.
The Housing index in Maywood is 186.
The Transportation index in Maywood is 130.
The Utilities index in Maywood is 99.
Living Expense | Maywood | New Jersey | National Average | |
---|---|---|---|---|
Overall | 147 | 111 | 100 | |
Services | 131 | 104 | 100 | |
Groceries | 146 | 104 | 100 | |
Health | 111 | 95 | 100 | |
Housing | 186 | 130 | 100 | |
Transportation | 130 | 106 | 100 | |
Utilities | 99 | 108 | 100 |
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 Maywood is $417,200.
The Median Rent in Maywood is $1,763.
The Median Income in Maywood is $99,832.
The Home Value To Income in Maywood is 4.2x.
The Rent To Monthly Income in Maywood is 0.21x.
Statistic | Maywood | New Jersey | United States |
---|---|---|---|
Median Home Value | $417,200 | $355,700 | $244,900 |
Median Rent | $1,763 | $1,436 | $1,163 |
Median Income | $99,832 | $89,703 | $69,021 |
Home Value To Income | 4.2x | 4.0x | 3.5x |
Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Item | Maywood | New Jersey |
---|---|---|
Shampoo | $1.67 | $1.06 |
Movie | $16.31 | $10.68 |
Bowling | $20.49 | $14.67 |
Haircut | $23.25 | $18.62 |
Beauty Salon | $60.79 | $39.05 |
Item | Maywood | New Jersey |
---|---|---|
Ground Beef | $6.4 | $4.22 |
Fried Chicken | $2.65 | $1.39 |
Milk | $3.11 | $2.05 |
Potatoes | $4.16 | $3.29 |
Pizza | $12.33 | $10.62 |
Beer | $12.01 | $9.38 |
Toothpaste | $4.42 | $2.34 |
Item | Maywood | New Jersey |
---|---|---|
Optometrist | $108.08 | $108.57 |
Doctor | $106.72 | $116.17 |
Dentist | $124.43 | $99.13 |
Item | Maywood | New Jersey |
---|---|---|
Gasoline | $2.62 | $2.22 |
Tire Balancing | $80.22 | $50.07 |
Item | Maywood | New Jersey |
---|---|---|
All Electricity | $157.7 | $167.67 |
Phone | $189.52 | $175.64 |
The cost of living varies in the cities and towns around Maywood. Here's a quick look at the cost of living in the most populous nearby places:
Hackensack, NJ has a cost of living index of 134, 0.9x Maywood.
Garfield, NJ has a cost of living index of 128, 0.9x Maywood.
Paramus, NJ has a cost of living index of 159, 1.1x Maywood.
City | Population | Cost Of Living | Vs. Maywood |
---|---|---|---|
Hackensack, NJ | 45,723 | 134 | 0.9x |
Garfield, NJ | 32,481 | 128 | 0.9x |
Paramus, NJ | 26,650 | 159 | 1.1x |
Lodi, NJ | 25,983 | 127 | 0.9x |
Elmwood Park, NJ | 21,239 | 129 | 0.9x |
Eastchester, NY | 20,636 | 163 | 1.1x |
Mamaroneck, NY | 19,989 | 165 | 1.1x |
Scarsdale, NY | 18,063 | 265 | 1.8x |
New Milford, NJ | 16,912 | 147 | 1.0x |
Hasbrouck Heights, NJ | 12,120 | 134 | 0.9x |