Glen Ridge, NJ Cost Of Living
Cost Of Living In Glen Ridge, NJ Summary
Cost of living in Glen Ridge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Glen Ridge is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Glen Ridge is 163, with 100 being the average.
The cost of living index in Glen Ridge is 1.6x higher than the national average.
Glen Ridge ranks as the #224 cheapest in New Jersey out of 260.
Glen Ridge ranks as the #5,948 cheapest out of 6,489 in the US.
The median home value in Glen Ridge is $1,100,209.
The median income in Glen Ridge is $248,016.
Table Of Contents
Glen Ridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Glen Ridge, NJ?
According to the most recent data on the cost of living, Glen Ridge has an overall cost of living index of 163, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Glen Ridge has a cost of living index that's 1.3x higher than New Jersey's index of 122.
The standard of living in Glen Ridge ranks as #224 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Glen Ridge ranks as the #36 most expensive place in the Garden State.
For more reading on life in Glen Ridge, check out:
In New Jersey
In America
Glen Ridge Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Glen Ridge. Here is how it fairs on each of the criteria:
The Services index in Glen Ridge is 108.
The Groceries index in Glen Ridge is 100.
The Health index in Glen Ridge is 94.
The Housing index in Glen Ridge is 301.
The Transportation index in Glen Ridge is 109.
The Utilities index in Glen Ridge is 112.
| Living Expense | Glen Ridge | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 163 | 122 | 100 | |
| Services | 108 | 108 | 100 | |
| Groceries | 100 | 104 | 100 | |
| Health | 94 | 99 | 100 | |
| Housing | 301 | 159 | 100 | |
| Transportation | 109 | 101 | 100 | |
| Utilities | 112 | 107 | 100 | |
Glen Ridge, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Glen Ridge is $1,100,209.
The Median Rent in Glen Ridge is $2,347.
The Median Income in Glen Ridge is $248,016.
The Home Value To Income in Glen Ridge is 4.4x.
The Rent To Monthly Income in Glen Ridge is 0.11x.
| Statistic | Glen Ridge | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,100,209 | $564,432 | $303,400 |
| Median Rent | $2,347 | $1,653 | $1,348 |
| Median Income | $248,016 | $101,050 | $78,538 |
| Home Value To Income | 4.4x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.11x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Glen Ridge, NJ Costs By Category
Detailed Glen Ridge Services Costs Vs. New Jersey
| Item | Glen Ridge | New Jersey |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Glen Ridge Groceries Costs Vs. New Jersey
| Item | Glen Ridge | New Jersey |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Glen Ridge Health Costs Vs. New Jersey
| Item | Glen Ridge | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Glen Ridge Transportation Costs Vs. New Jersey
| Item | Glen Ridge | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Glen Ridge Utilities Costs Vs. New Jersey
| Item | Glen Ridge | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Glen Ridge SnackAbility
/10
Cost Of Living In Cities Around Glen Ridge
The cost of living varies in the cities and towns around Glen Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Clifton, NJ has a cost of living index of 127, 0.8x Glen Ridge.
East Orange, NJ has a cost of living index of 112, 0.7x Glen Ridge.
Westfield, NJ has a cost of living index of 178, 1.1x Glen Ridge.
| City | Population | Cost Of Living | Vs. Glen Ridge |
|---|---|---|---|
| Clifton, NJ | 89,247 | 127 | 0.8x |
| East Orange, NJ | 69,183 | 112 | 0.7x |
| Westfield, NJ | 30,760 | 178 | 1.1x |
| North Arlington, NJ | 16,368 | 128 | 0.8x |
| Florham Park, NJ | 13,134 | 165 | 1.0x |
| Oakland, NJ | 12,700 | 139 | 0.9x |
| Upper Montclair, NJ | 12,279 | 180 | 1.1x |
| Glen Rock, NJ | 12,082 | 165 | 1.0x |
| Hasbrouck Heights, NJ | 12,067 | 138 | 0.8x |
| Lincoln Park, NJ | 10,901 | 124 | 0.8x |
