Ridgewood, NJ Cost of Living


6 Reviews



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How much do I need to live in Ridgewood, New Jersey?
$14,340 / month
for a family, 165.6% more expensive than the national average A total of $172,080 for the year for a family.
$7,900 / month
for a single person, 65.7% more expensive than the national average A total of $94,800 for the year for a single person.

Ridgewood cost of living score
141
More expensive
41.0% higher
than the US average
17.7% higher
than the New Jersey average
Ridgewood, New Jersey gets a BestPlaces Cost of Living score of 141, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 41.0% higher than the U.S. average and 17.7% lower than the average for New Jersey.

Ridgewood, NJ

Housing costs in Ridgewood?
A typical home costs $898,200, which is 165.7% more expensive than the national average of $338,100 and 107.9% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Ridgewood costs $2,750 per month, which is 92.3% more than the national average of $1,430 and 37.8% more than the state average of $1,710.

Can I afford Ridgewood?
To live comfortably in Ridgewood, New Jersey, a minimum annual income of $172,080 for a family, and $94,800 for a single person is recommended.

What does A.I. say about Ridgewood?
The cost of living in Ridgewood, NJ is high. The median home value in the town is above $700,000 and the median rental price is nearly $2,200 per month. The highest utilities bills are for electricity and natural gas, while the lowest prices are for water and sewer services. Groceries in Ridgewood tend to be slightly expensive but there are some local stores with competitive prices. Transportation costs can vary depending on how far one needs to travel; public transportation can be an affordable option if one lives close enough to a station or bus stop. All in all, living in Ridgewood can be pricey but worth it for those who appreciate its small-town charm and close proximity to New York City.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRidgewoodNew JerseyUnited States
    Unlock119.8100.0
  111.2  Unlock100.0
    Unlock96.9100.0
  268.6  Unlock100.0
    Unlock$432,100$338,100
  114.7  Unlock100.0
    Unlock127.7100.0
  141.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Ridgewood
    See all (6)

Over 16 years ago

Great place to live and  More

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Over 16 years ago

Ridgewood, a suburb of NYC, is an ideal bedroom community. This well-established upscale community is located 30 minutes from Manhattan (by car), and is easily  More

   |    Reply

Over 18 years ago

One of the most beautiful places to live outside New York  More

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