Zip 08858 (Oldwick, NJ) Cost of Living


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Oldwick cost of living score
130.5
More expensive
30.5% higher
than the US average
8.9% higher
than the New Jersey average
Oldwick (zip 08858), New Jersey gets a BestPlaces Cost of Living score of 130.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 30.5% higher than the U.S. average and 8.9% lower than the average for New Jersey.

Zip 08858 (Oldwick, NJ)

Housing costs in Oldwick?
A typical home costs $663,500, which is 96.2% more expensive than the national average of $338,100 and 53.6% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Oldwick costs $2,140 per month, which is 49.7% more than the national average of $1,430 and 20.1% more than the state average of $1,710.

Can I afford Oldwick?
To live comfortably in Oldwick (zip 08858), New Jersey, a minimum annual income of $127,080 for a family, and $67,600 for a single person is recommended.

What does A.I. say about Oldwick?
The cost of living in 08858 Oldwick, NJ is significantly higher than the average cost of living in the United States. The median home value is upwards of $700K and the median household income is above $100K. Even the cost of basic necessities such as groceries and gas are higher than the national average. However, with its close proximity to New York City, residents enjoy a high quality of life with easy access to entertainment, cultural activities, and job opportunities. Despite the high cost of living in 08858 Oldwick, NJ many families find it an attractive place to call home due to its excellent schools, beautiful landscape, and variety of amenities.
   Cost of living score
     CategoriesOldwickNew JerseyUnited States
  130.5119.8100.0
  105.8105.8100
  93.696.9100.0
  220.3136.4100.0
  $663,500$432,100$338,100
  105.5%109.2%100.0%
  142.1127.7100.0
  143.8112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime