salaryRent here is among the highest 10% in the country. A typical house costs about 5.5 years of household income. Most households rent (58%), so there are plenty of rental options. It is a highly educated city: 56.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $121,960 a year. That is $59 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 257 of 291 cities from cheapest to most expensive.
How much do households earn in Caldwell?
Share of households by yearly income. 44.3% of households earn $100,000 or more.
Rent by apartment size in Caldwell
| Size | Caldwell | U.S. average |
|---|---|---|
| Studio | $1,843 | $1,338 |
| 1 bedroom | $1,815 | $1,324 |
| 2 bedrooms | $2,986 | $1,509 |
| 3 bedrooms | $2,914 | $1,698 |
| 4 bedrooms | $3,148 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Caldwell overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Caldwell, so the New Jersey figure is shown.
Taxes and bills in Caldwell
Life in Caldwell
Is it cheaper to rent or buy in Caldwell?
Renting is cheaper right now: about $943 a month less.
Owning assumes a typical $575,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $57,540 for the down payment.
Frequently asked questions
What is the average rent in Caldwell, NJ?
Renting in Caldwell costs a median of about $3,049 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Caldwell?
To keep rent under 30% of income, you need about $121,960 a year, or $59 an hour at a full-time job.
Is Caldwell cheap or expensive?
Caldwell is rated Expensive: rent takes 35.0% of the typical household income of $104,425. It ranks 257th cheapest of 291 New Jersey cities we track.
How much are property taxes in Caldwell?
The median homeowner in Caldwell pays $10,000+ a year in property taxes, about 1.74% of the median home value.
Is Caldwell more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Caldwell?
The median home value in Caldwell is $575,400, about 5.5 times the typical yearly household income.
9,003 people live in Caldwell. Numbers are typical (middle) values.