States › New Jersey › Woodland Park

Is Woodland Park, NJ expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,23027% higher than U.S. average
💵 Families earn per year (2026)$106,604about $8,884/month · 22% higher than U.S. average
🔑 House price$497,60050% higher than U.S. average

Rent is higher than in 77% of U.S. cities. A typical house costs about 4.7 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $89,200 a year. That is $43 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 141 of 291 cities from cheapest to most expensive.

Woodland Park
$2,230
Somerville
$2,169
Echelon
$2,234
Ridgefield Park
$1,517
Franklin Park
$2,724
Mercerville
$1,789
Florham Park
$3,500+

How much do households earn in Woodland Park?

Under $25k
4.6%
$25k–50k
18.7%
$50k–100k
41.1%
$100k–150k
19.7%
$150k+
13.2%

Share of households by yearly income. 32.9% of households earn $100,000 or more.

Rent by apartment size in Woodland Park

SizeWoodland ParkU.S. average
Studio$1,828$1,338
1 bedroom$1,877$1,324
2 bedrooms$2,052$1,509
3 bedrooms$2,381$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Woodland Park 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 Woodland Park, so the New Jersey figure is shown.

Taxes and bills in Woodland Park

🏛️ Property tax$10,000+a year · 2.01% of home value · U.S. $3,119
⚡ Electric bill$182a month (typical) · U.S. $156

Life in Woodland Park

Commute to work22.8 minU.S.: 26.4 min
College degree41.7%U.S.: 35.7%
Own their home63%U.S.: 65.2%
Below poverty line3.8%U.S.: 12.5%
Unemployment5.6%U.S.: 5.2%

Is it cheaper to rent or buy in Woodland Park?

Renting is cheaper right now: about $1,223 a month less.

Renting
$2,230
Owning
$3,453

Owning assumes a typical $497,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $49,760 for the down payment.

Frequently asked questions

What is the average rent in Woodland Park, NJ?

Renting in Woodland Park costs a median of about $2,230 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Woodland Park?

To keep rent under 30% of income, you need about $89,200 a year, or $43 an hour at a full-time job.

Is Woodland Park cheap or expensive?

Woodland Park is rated OK: rent takes 25.1% of the typical household income of $106,604. It ranks 141st cheapest of 291 New Jersey cities we track.

How much are property taxes in Woodland Park?

The median homeowner in Woodland Park pays $10,000+ a year in property taxes, about 2.01% of the median home value.

Is Woodland Park 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 Woodland Park?

The median home value in Woodland Park is $497,600, about 4.7 times the typical yearly household income.

13,355 people live in Woodland Park. Numbers are typical (middle) values.