States › New Jersey › Woodcliff Lake

Is Woodcliff Lake, NJ expensive to live in?

CheapRent takes 11 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,08319% higher than U.S. average
💵 Families earn per year (2026)$230,779about $19,232/month · 165% higher than U.S. average
🔑 House price$946,400184% higher than U.S. average

Rent is higher than in 73% of U.S. cities. Household incomes are higher than in 98% of U.S. cities. A typical house costs about 4.1 years of household income. Commutes are long, about 33.3 minutes each way. Most homes (86.3%) are owned, so rentals can be hard to find. It is a highly educated city: 81.2% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $83,320 a year. That is $40 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

Yes. Rent here is cheaper than in most of New Jersey. It is number 113 of 291 cities from cheapest to most expensive.

Woodcliff Lake
$2,083
Vauxhall
$2,019
Fair Haven
$3,853
Laurence Harbor
$2,100
Oceanport
$1,774
Little Silver
$3,500+
Paulsboro
$1,077

How much do households earn in Woodcliff Lake?

Under $25k
6.0%
$25k–50k
1.9%
$50k–100k
23.7%
$100k–150k
13.4%
$150k+
55.0%

Share of households by yearly income. 68.4% of households earn $100,000 or more.

How expensive is Woodcliff Lake 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 Woodcliff Lake, so the New Jersey figure is shown.

Taxes and bills in Woodcliff Lake

🏛️ Property tax$10,000+a year · 1.06% of home value · U.S. $3,119
⚡ Electric bill$274a month (typical) · U.S. $156

Life in Woodcliff Lake

Commute to work33.3 minU.S.: 26.4 min
College degree81.2%U.S.: 35.7%
Own their home86.3%U.S.: 65.2%
Below poverty line1%U.S.: 12.5%
Unemployment12%U.S.: 5.2%

Is it cheaper to rent or buy in Woodcliff Lake?

Renting is cheaper right now: about $4,484 a month less.

Renting
$2,083
Owning
$6,567

Owning assumes a typical $946,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $94,640 for the down payment.

Frequently asked questions

What is the average rent in Woodcliff Lake, NJ?

Renting in Woodcliff Lake costs a median of about $2,083 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Woodcliff Lake?

To keep rent under 30% of income, you need about $83,320 a year, or $40 an hour at a full-time job.

Is Woodcliff Lake cheap or expensive?

Woodcliff Lake is rated Cheap: rent takes 10.8% of the typical household income of $230,779. It ranks 113th cheapest of 291 New Jersey cities we track.

How much are property taxes in Woodcliff Lake?

The median homeowner in Woodcliff Lake pays $10,000+ a year in property taxes, about 1.06% of the median home value.

Is Woodcliff Lake 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 Woodcliff Lake?

The median home value in Woodcliff Lake is $946,400, about 4.1 times the typical yearly household income.

6,152 people live in Woodcliff Lake. Numbers are typical (middle) values.