salaryRent here is among the highest 10% in the country. Household incomes are higher than in 95% of U.S. cities. A typical house costs about 3.4 years of household income. It is a highly educated city: 57% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $118,360 a year. That is $57 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 244 of 291 cities from cheapest to most expensive.
How much do households earn in Westwood?
Share of households by yearly income. 64.6% of households earn $100,000 or more.
Rent by apartment size in Westwood
| Size | Westwood | U.S. average |
|---|---|---|
| 1 bedroom | $2,443 | $1,324 |
| 2 bedrooms | $2,969 | $1,509 |
| 3 bedrooms | $2,252 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Westwood 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 Westwood, so the New Jersey figure is shown.
Taxes and bills in Westwood
Life in Westwood
Is it cheaper to rent or buy in Westwood?
Renting is cheaper right now: about $1,249 a month less.
Owning assumes a typical $606,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $60,640 for the down payment.
Frequently asked questions
What is the average rent in Westwood, NJ?
Renting in Westwood costs a median of about $2,959 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Westwood?
To keep rent under 30% of income, you need about $118,360 a year, or $57 an hour at a full-time job.
Is Westwood cheap or expensive?
Westwood is rated Cheap: rent takes 19.9% of the typical household income of $178,795. It ranks 244th cheapest of 291 New Jersey cities we track.
How much are property taxes in Westwood?
The median homeowner in Westwood pays $10,000+ a year in property taxes, about 1.65% of the median home value.
Is Westwood 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 Westwood?
The median home value in Westwood is $606,400, about 3.4 times the typical yearly household income.
11,283 people live in Westwood. Numbers are typical (middle) values.