Woodcliff Lake, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Woodcliff Lake stands at 120, which is 20% higher than the national average of 100. This increase is driven by higher housing costs, which are 50% above the national average, and groceries, which are 20% higher. Utilities, transportation, healthcare, and miscellaneous expenses also exceed the national average, though to a lesser extent.
Woodcliff Lake, NJ, has a higher cost of living compared to the nationwide average. The cost of living index for housing is 150, which is 50% higher than the national average. This means that housing costs in Woodcliff Lake are significantly more expensive than the average American city. For instance, if the national average cost of housing is $100, Woodcliff Lake residents would pay $150 for the same housing.
Other expenses in Woodcliff Lake also exceed the national average. Groceries cost 20% more, with an index of 120. Utilities are 10% higher at 110, while transportation costs are slightly above average at 105. Healthcare costs are 25% higher, with an index of 125, and miscellaneous expenses are 15% higher at 115. These figures show that living in Woodcliff Lake involves higher expenses across various categories compared to the national average.
