Cost of Living in Waldwick
Summary: If you are thinking about moving to Waldwick, here is an overview of the cost of living there.
Waldwick, is a borough located in Bergen County, known for its small-town feel and proximity to New York City. The cost of living in Waldwick is generally higher than the national average, reflecting the overall cost of living in the Bergen County area and the greater New York metropolitan area. Housing costs in Waldwick are a significant factor in the overall cost of living, with prices for homes varying depending on size, location, and amenities.
As of my knowledge cutoff in early 2023, the median home value in Waldwick for a 3-bedroom home is approximately $450,000 to $550,000, while a 4-bedroom home may range from $550,000 to $650,000 or more, depending on the property's condition and exact location. Apartment rentals for a 1-bedroom can range from $1,500 to $2,000 per month, while a 2-bedroom apartment might cost between $2,000 and $2,500 per month. Purchasing an apartment or a condo in Waldwick can vary widely, with prices starting around $300,000 and going up depending on the size and luxury level of the unit.
When it comes to dining out, Waldwick offers a variety of restaurants ranging from casual eateries to more upscale dining experiences. A typical meal at a mid-range restaurant can cost between $15 and $30 per person, while a dinner for two at a higher-end restaurant might cost upwards of $100, excluding drinks and gratuity. Utilities, including electricity, heating, cooling, water, and garbage services, can average around $200 to $300 per month for a standard family home, though this can fluctuate based on usage and seasonal changes.
Private school tuition in Waldwick can be quite costly, as is common in many parts of New Jersey. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle school tuition can vary widely, but parents can expect to pay anywhere from $10,000 to $30,000 per year. High school tuition can be even higher, with some prestigious institutions charging upwards of $40,000 per year. These costs are highly dependent on the specific school and the programs it offers.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $450,000 - $550,000 |
| 4-Bedroom Home Purchase | $550,000 - $650,000+ |
| 1-Bedroom Apartment Rental | $1,500 - $2,000 / month |
| 2-Bedroom Apartment Rental | $2,000 - $2,500 / month |
| Apartment Purchase | Starts at $300,000 |
| Mid-Range Restaurant Meal | $15 - $30 / person |
| Upscale Restaurant Dinner for Two | $100+ |
| Utilities (Monthly Average) | $200 - $300 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (Annual) | $10,000 - $30,000 |
| Private High School Tuition (Annual) | $40,000+ |
About the Author
Joshua Wood, LPC is one of the Founders of BlueBurbia and serves as Co-President of Expat Exchange. Prior to Expat Exchange and BlueBurbia, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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