Cost Of Living in Woodcliff Lake, NJ

Get 300+ Local Insights for Any Address in Woodcliff Lake, NJ

Get Access to 300+ Local Data Points

F

94%

Overall NAT. AVG.

8%

Groceries NAT. AVG.

289%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Woodcliff Lake	New Jersey	National
Cost of living	194	125	100
Groceries	108	108	100
Health care	111	112	100
Housing	389	157	100
Transportation	110	114	100
Utilities	112	111	100
Lifestyle & Entertainment	107	113	100
Household Items	108	107	100
Education & Childcare	120	120	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Woodcliff Lake, NJ

40 Plymouth Rd

Hillsdale, NJ

78 Apple Ridge Rd

Woodcliff Lake, NJ

117 Cortland Dr

Saddle River, NJ

22 Anton Ct

Woodcliff Lake, NJ

Cost Of Living Quick Facts

The cost of living in Woodcliff Lake is 55% higher than the New Jersey average
The cost of living in Woodcliff Lake is 94% higher than the national average
Woodcliff Lake housing is 289% higher than the national average
New Jersey general sales tax is 30% higher than the national average
New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Woodcliff Lake

See all the best places to live around Woodcliff Lake

Compare Woodcliff Lake, NJ Cost of Living

Write a review to give others more information about this area.

See all Woodcliff Lake poll results

The best places in New Jersey

Here are the best places to live in New Jersey

These are the 10 cheapest cities in New Jersey

These are the largest cities in New Jersey

Check out the 10 most dangerous cities in New Jersey

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$304,283	$25,357	$7,099	$9,129
Renters	$0	$0	$0	$0

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Woodcliff Lake, NJ, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Woodcliff Lake homeowners, is $304,283. This would allow for a maximum of $7,099 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 to be spent on rental costs.

New Jersey Sales Tax

State	General Sales Tax	With Max Surtax
New Jersey	6.625%	12.625%

New Jersey Income Tax

State	Income Tax (Low)	Income Tax (High)
New Jersey	1.4%	10.75%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	616	106	6.1%
Greenwood Lake, NY	3,168	118	17.7%
Paterson, NJ	149,118	122	21.5%
Mount Ivy, NY	7,675	120	20.1%
Haverstraw, NY	12,431	121	21.4%
Woodcliff Lake, NJ	6,064	194	93.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Asbury, IA	6,064	107	7.4%
South Highpoint, FL	6,065	94	6.3%
Oelwein, IA	6,065	83	16.9%
Fair Haven, NJ	6,065	200	99.8%
Sunbury, OH	6,065	106	5.7%
Woodcliff Lake, NJ	6,064	194	93.9%