Ringwood, NJ is a great place to live with plenty of local amenities and businesses. Residents can find everything they need right in town, from groceries to entertainment. Additionally, Ringwood boasts a low cost of living compared to the U.S. average. The median rent for two bedrooms is $2,420 versus $1,430 in the U.S., and the grocery cost index is 105 compared to 100 in America overall. Local businesses in Ringwood include The Brownstone Café & Catering Company, American Pride Carpet Cleaners, and Verde Landscaping Designs LLC. With its affordable cost of living and variety of nearby businesses, Ringwood is an attractive option for people looking for a new home.
Ringwood has an unemployment rate of 10.0%. The US average is 6.0%.
Ringwood 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 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Ringwood
- The Sales Tax Rate for Ringwood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ringwood 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 Ringwood
- The average income of a Ringwood resident is $38,258 a year. The US average is $28,555 a year.
- The Median household income of a Ringwood resident is $130,833 a year. The US average is $69,021 a year.