Zip 07006 (Caldwell, NJ) Cost of Living


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Caldwell cost of living score
135
More expensive
35.0% higher
than the US average
12.7% higher
than the New Jersey average
Caldwell (zip 07006), New Jersey gets a BestPlaces Cost of Living score of 135, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 35.0% higher than the U.S. average and 12.7% lower than the average for New Jersey.

Zip 07006 (Caldwell, NJ)

Housing costs in Caldwell?
A typical home costs $676,300, which is 100.0% more expensive than the national average of $338,100 and 56.5% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Caldwell costs $1,950 per month, which is 36.4% more than the national average of $1,430 and 12.3% more than the state average of $1,710.

Can I afford Caldwell?
To live comfortably in Caldwell (zip 07006), New Jersey, a minimum annual income of $129,600 for a family, and $65,200 for a single person is recommended.

What does A.I. say about Caldwell?
The cost of living in 07006 Caldwell, NJ is higher than the national average. The median home price in the area is $448,700, which is much higher than the national average of $218,000. Additionally, transportation costs are also above the national average at $3.5 per gallon for gasoline and an 18% tax rate on vehicle purchases. While groceries are slightly below the national average, healthcare costs are 9% above the US standard. With a high cost of living overall, those living in 07006 Caldwell should be financially prepared for any expenses that may arise.
   Cost of living score
     CategoriesCaldwellNew JerseyUnited States
  135.0119.8100.0
  108105.8100
  99.196.9100.0
  205.7136.4100.0
  $676,300$432,100$338,100
  102.9%109.2%100.0%
  136.4127.7100.0
  108.1112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Caldwell
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Over 13 years ago

Although this area has many positive attributes,close to many cultural events, close to the ocean, close to quality health care, we will not be able to stay here for  More

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Over 16 years ago

Good place to live. School system is very good but taxes are very high. The area is getting congested, but still have a fair amount of green space  More

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