Ridgewood, NJ is an affluent town situated in Bergen County. It is known for its diverse culture and tight-knit community. The cost of living in Ridgewood is significantly higher than that of the US as a whole. For example, rent for a two bedroom apartment is around $2,750, which is nearly double that of the national average at $1,430. Similarly, Ridgewood's grocery cost index stands at 111 compared to 100 nationally. Popular businesses in Ridgewood include Bikkuri Sushi Japanese Restaurant and Zum Zum's Deli & Diner. All in all, living in Ridgewood may be more expensive than other parts of the US but it also offers plenty of amenities and a strong sense of community.
Ridgewood has an unemployment rate of 5.5%. The US average is 6.0%.
Ridgewood has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Ridgewood
- The Sales Tax Rate for Ridgewood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ridgewood is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ridgewood
- The average income of a Ridgewood resident is $68,939 a year. The US average is $28,555 a year.
- The Median household income of a Ridgewood resident is $194,256 a year. The US average is $69,021 a year.