Housing costs in Ringwood?
A typical home costs
$467,900, which is 38.4% more expensive than the national average of
$338,100 and 8.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Ringwood costs
$2,420 per month, which is 69.2% more than the national average of
$1,430 and 29.3% more than the state average of
$1,710.
Can I afford Ringwood?
To live comfortably in Ringwood, New Jersey, a minimum annual income of
$89,640 for a family, and
$83,600 for a single person is recommended.
What does A.I. say about Ringwood?
The cost of living in Ringwood, NJ is reasonably affordable compared to many other parts of the country. The average home price for a three-bedroom house is around $250,000. Additionally, the area has plenty of rental options available ranging from studio apartments to multi-bedroom homes. Transportation costs are comparatively low and public transportation is accessible via buses and trains. Food costs are also reasonable with numerous grocery stores located throughout the area. Overall, Ringwood offers a good quality of life at an affordable price point.