Wayne, NJ—a city that provides an alternative living option for people who want the proximity to NYC but not the high living costs. 

The good schools, beautiful neighborhoods, and suburban peace—who wouldn’t want that? 

However, the living costs in Wayne have recently increased. Prices in the Wayne area have gone up by at least 1.5% from last year. With the biggest jumps being in transportation, food, and housing. 

Overall, the cost of living in Wayne is about 25% higher than the national average and 4% higher than the New Jersey average. 

So, what does this mean for your wallet? 

Is it still possible to live comfortably here? 

Are there areas you can save despite the rising costs? 

Let’s break down the different aspects of the cost in Wayne so you can see whether Wayne’s cost of living is manageable or if you need to start buying lottery tickets. 

Housing Costs 

A known fact: housing costs gobble up a great chunk of your income. But, is Wayne affordable in this aspect? 

As of February 2025, the median home price in Wayne was trending up by 7% year-over-year. Considering that most homes in the city sold at about 3% above the list price, the housing market here is competitive.

Being a seller’s market, it’s not unusual to see home prices in Wayne go up during bidding wars. So, if you are looking to buy, brace yourself. 

The median home price in Wayne is higher than both the national and the New Jersey average. 

Renters, you are not off the hook either. Expect to pay upwards of $2,000 monthly for a decent one-bedroom apartment. Depending on size and location, you may pay more. 

• Average House Rent: $2,400 
• Median Home Value: $775,000 

However, the good news is that Wayne offers a variety of neighborhoods. There are a few pricey neighborhoods, but more affordable options still abound. 

If you are strategic about your home search, you can find a home that doesn’t devour your entire paycheck. 

Utilities 

Wayne’s utility costs are one of the more reasonable expenses you will make in the city. However, this is in no way cheap compared to the national and state averages. 

Matter-of-factly, utility costs in Wayne are about 10% higher than the national average. So, budgeting wisely is an expedient decision. 

Here’s what you are looking at spending monthly: 

• Electricity and Gas: $150 – $250 
• Water and Sewer: $50 – $75 
• Internet and Cable: $60 – $150

If you are mindful of your energy consumption, your bills while living in Wayne won’t come as a significant shock. 

Simple habits like using energy-efficient appliances and keeping an eye on heating and cooling costs will go a long way to help you manage expenses. 

However, this ‘restriction’ shouldn’t deter you from moving to Wayne soon. Working with a Wayne moving company that offers cost-effective services can help ease the transition. This way, you focus on settling in rather than stressing over unexpected expenses. 

Food and Groceries 

Grocery prices in Wayne are a bit steeper than the national average. But they are on par with most of New Jersey. 

Fortunately, there is a range of options here, from Mart to Whole Foods. Eventually, your bill will depend on how fancy you get. 

If you choose to eat out, a lunch menu typically costs about $20, while dinner for two in a restaurant costs about $95. 

A fast food meal costs an equivalent of $12, while beer in a bar is an average of $5.96. For your coffee fix, prepare to part with about $5.08 on average.

Healthcare 

Is Wayne a good place to live when it comes to healthcare access and cost? 

Healthcare in Wayne is a bit pricey but an essential necessity. However, the cost is somewhat comparable to the rest of the state. 

If you want to visit a doctor, budget between $120 and $200. A dental check-up is more affordable and costs between $100 and $150. 

If you have a health condition that requires frequent medical attention, you are better off opting for health insurance. This will stave off the cost of paying out of pocket whenever you need medical services. 

A monthly health insurance premium varies by plan, but it usually costs around $400 to $800. 

Fortunately, Wayne is home to top-tier medical facilities like the Wayne Medical Center and Valley Hospital. So, you are getting quality care. 

Taxes 

Call it the necessary evil or a responsibility; taxes are a part of your expenses in Wayne. 

Living in Wayne means you will experience New Jersey’s infamous high property taxes. Income tax varies but can be as high as 10.75% for top earners. 

• Sales Tax Rate: 6.63% 
• Median Property Tax Rate: 2.33% 
• Income Tax Rate: 1.40% – 10.75% 

Transportation 

Living in Wayne and working in NYC, you’ll likely use public transportation. Since high demand fuels price hikes, it’s not surprising that transportation costs in Wayne have recently increased. 

For instance, a monthly NJ Transit pass from Wayne to NYC costs about $200 to $250. If you drive, be prepared for gas purchases at around $3.50 to $4.00 per gallon. 

Your transportation budget should also cover parking fees if you commute into the city. 

As for car insurance, that’s pricey as well. The cost ranges from $1,500 to $2,500 per year. However, this depends on your coverage.

Education and Childcare 

Wayne’s public schools are excellent, which means you really might not need private schools. So, if you do go with the public schools, you can save some money. 

But if you want private education for your kids, expect tuition of $18,000 to $25,000 annually. Daycare isn’t cheap either. Prices range from $1,200 to $2,000 per month per child. 

So, if you have little ones, budget accordingly. 

Income and Job Opportunities 

When considering your expenses in Wayne, NJ, you also have to factor in how you will pay for them. Your job is most likely the most feasible option. 

Also, given that a single person will need about $6,100 ($9,000 for a family) per month to live comfortably in Wayne, your income and job opportunities are important considerations. 

So, what salary do you need to live in Wayne? 

Well, the median household income in Wayne is significantly higher than the national average. Your average salary should cover your living expenses depending on your job role and industry. 

• Population: 52,764 
• Median Household Income: $147,740 
• Unemployment Rate: 3.3% 
• Poverty Rate: 2.8% 

Job opportunities here are strong in healthcare, education, and finance. Also, with NYC just a train ride away, you will have great access if you are chasing those big-city paychecks. 

Endnote: Living Costs, Your Everyday Investment 

Living in Wayne is not the cheapest decision you can make, but for many, its perks outweigh the costs. 

The city has great schools, solid job opportunities, and easy access to NYC. If you budget wisely, you can enjoy the suburban charm without going broke.

Remember, when you do decide to move, a well-planned budget is primarily the key to financial freedom here. 

Good luck!