Housing costs in Ridgewood?
A typical home costs
$855,400, which is 153.0% more expensive than the national average of
$338,100 and 98.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Ridgewood costs
$2,770 per month, which is 62.0% more than the national average of
$1,710 and 21.7% more than the state average of
$2,170.
Can I afford Ridgewood?
To live comfortably in Ridgewood (zip 07450), New Jersey, a minimum annual income of
$163,800 for a family, and
$95,600 for a single person is recommended.
What does A.I. say about Ridgewood?
The cost of living in 07450 Ridgewood, NJ is relatively high, as it is considered one of the most affluent neighborhoods in the state. According to data compiled by Sperling's Best Places, the cost of living index in Ridgewood is 130.6, which is 30.6% higher than the national average of 100. Housing costs are especially expensive; the median home price in 07450 is $908,200 and rental costs average around $2,800 per month. Although the cost of living is high, the area offers great schools and amenities like parks and community events that make it a desirable place to live for many people.