Woodland Park, NJ Cost of Living


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Woodland Park cost of living score
124.8
More expensive
24.8% higher
than the US average
4.2% higher
than the New Jersey average
Woodland Park, New Jersey gets a BestPlaces Cost of Living score of 124.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.8% higher than the U.S. average and 4.2% lower than the average for New Jersey.

Woodland Park, NJ

Housing costs in Woodland Park?
A typical home costs $492,800, which is 45.8% more expensive than the national average of $338,100 and 14.0% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Woodland Park costs $1,880 per month, which is 31.5% more than the national average of $1,430 and 9.0% more than the state average of $1,710.

Can I afford Woodland Park?
To live comfortably in Woodland Park, New Jersey, a minimum annual income of $94,320 for a family, and $64,800 for a single person is recommended.

What does A.I. say about Woodland Park?
The cost of living in Woodland Park, NJ is quite reasonable. The median home cost in the area is $284,500, which is significantly lower than the national average of $231,200. Additionally, the overall cost of goods and services is approximately 8% lower than the rest of New Jersey and 12% lower than the U.S. average. This makes it an attractive option for those looking to save money while also enjoying all that Woodland Park has to offer. The local economy offers plenty of jobs and opportunities as well, making it a great place to live and work.
   Cost of living score
     CategoriesWoodland ParkNew JerseyUnited States
  124.8119.8100.0
  106105.8100
  101.296.9100.0
  153.4136.4100.0
  $492,800$432,100$338,100
  110.4%109.2%100.0%
  130.4127.7100.0
  101.6112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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