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.