States › New Jersey › North Caldwell

Is North Caldwell, NJ expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$3,673109% higher than U.S. average
💵 Families earn per year (2026)$224,592about $18,716/month · 158% higher than U.S. average
🔑 House price$904,500172% higher than U.S. average

Rent here is among the highest 10% in the country. Household incomes are higher than in 98% of U.S. cities. A typical house costs about 4.0 years of household income. Commutes are long, about 30.2 minutes each way. Most homes (97.9%) are owned, so rentals can be hard to find. It is a highly educated city: 80.6% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $146,920 a year. That is $71 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 288 of 291 cities from cheapest to most expensive.

North Caldwell
$3,673
Franklin Center
$3,270
Kingston Estates
$2,092
Rockaway
$1,751
Ramblewood
$2,503
Strathmore
$1,757
Green Knoll
$1,598

How much do households earn in North Caldwell?

Under $25k
3.9%
$25k–50k
6.8%
$50k–100k
10.8%
$100k–150k
26.3%
$150k+
52.2%

Share of households by yearly income. 78.4% of households earn $100,000 or more.

How expensive is North Caldwell overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for North Caldwell, so the New Jersey figure is shown.

Taxes and bills in North Caldwell

🏛️ Property tax$10,000+a year · 1.11% of home value · U.S. $3,119
⚡ Electric bill$260a month (typical) · U.S. $156

Life in North Caldwell

Commute to work30.2 minU.S.: 26.4 min
College degree80.6%U.S.: 35.7%
Own their home97.9%U.S.: 65.2%
Below poverty line1.7%U.S.: 12.5%
Unemployment6%U.S.: 5.2%

Is it cheaper to rent or buy in North Caldwell?

Renting is cheaper right now: about $2,603 a month less.

Renting
$3,673
Owning
$6,276

Owning assumes a typical $904,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $90,450 for the down payment.

Frequently asked questions

What is the average rent in North Caldwell, NJ?

Renting in North Caldwell costs a median of about $3,673 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in North Caldwell?

To keep rent under 30% of income, you need about $146,920 a year, or $71 an hour at a full-time job.

Is North Caldwell cheap or expensive?

North Caldwell is rated Cheap: rent takes 19.6% of the typical household income of $224,592. It ranks 288th cheapest of 291 New Jersey cities we track.

How much are property taxes in North Caldwell?

The median homeowner in North Caldwell pays $10,000+ a year in property taxes, about 1.11% of the median home value.

Is North 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 North Caldwell?

The median home value in North Caldwell is $904,500, about 4.0 times the typical yearly household income.

6,656 people live in North Caldwell. Numbers are typical (middle) values.