Ramsey, NJ Cost Of Living
Cost Of Living In Ramsey, NJ Summary
Cost of living in Ramsey 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 Ramsey 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 Ramsey is 158, with 100 being the average.
The cost of living index in Ramsey is 1.6x higher than the national average.
Ramsey ranks as the #215 cheapest in New Jersey out of 260.
Ramsey ranks as the #5,857 cheapest out of 6,489 in the US.
The median home value in Ramsey is $836,596.
The median income in Ramsey is $164,767.
Table Of Contents
Ramsey's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ramsey, NJ?
According to the most recent data on the cost of living, Ramsey has an overall cost of living index of 158, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Ramsey has a cost of living index that's 1.3x higher than New Jersey's index of 122.
The standard of living in Ramsey ranks as #215 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Ramsey ranks as the #45 most expensive place in the Garden State.
For more reading on life in Ramsey, check out:
In New Jersey
In America
Ramsey Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Ramsey. Here is how it fairs on each of the criteria:
The Services index in Ramsey is 108.
The Groceries index in Ramsey is 104.
The Health index in Ramsey is 95.
The Housing index in Ramsey is 283.
The Transportation index in Ramsey is 108.
The Utilities index in Ramsey is 109.
| Living Expense | Ramsey | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 158 | 122 | 100 | |
| Services | 108 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 283 | 159 | 100 | |
| Transportation | 108 | 101 | 100 | |
| Utilities | 109 | 107 | 100 | |
Ramsey, 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 Ramsey is $836,596.
The Median Rent in Ramsey is $2,009.
The Median Income in Ramsey is $164,767.
The Home Value To Income in Ramsey is 5.1x.
The Rent To Monthly Income in Ramsey is 0.15x.
| Statistic | Ramsey | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $836,596 | $564,432 | $303,400 |
| Median Rent | $2,009 | $1,653 | $1,348 |
| Median Income | $164,767 | $101,050 | $78,538 |
| Home Value To Income | 5.1x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Ramsey, NJ Costs By Category
Detailed Ramsey Services Costs Vs. New Jersey
| Item | Ramsey | 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 Ramsey Groceries Costs Vs. New Jersey
| Item | Ramsey | 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 Ramsey Health Costs Vs. New Jersey
| Item | Ramsey | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Ramsey Transportation Costs Vs. New Jersey
| Item | Ramsey | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Ramsey Utilities Costs Vs. New Jersey
| Item | Ramsey | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Ramsey SnackAbility
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Cost Of Living In Cities Around Ramsey
The cost of living varies in the cities and towns around Ramsey. Here's a quick look at the cost of living in the most populous nearby places:
Eastchester, NY has a cost of living index of 167, 1.1x Ramsey.
Scarsdale, NY has a cost of living index of 279, 1.8x Ramsey.
Dobbs Ferry, NY has a cost of living index of 173, 1.1x Ramsey.
| City | Population | Cost Of Living | Vs. Ramsey |
|---|---|---|---|
| Eastchester, NY | 20,519 | 167 | 1.1x |
| Scarsdale, NY | 18,005 | 279 | 1.8x |
| Dobbs Ferry, NY | 11,397 | 173 | 1.1x |
| Suffern, NY | 11,395 | 125 | 0.8x |
| Franklin Lakes, NJ | 11,011 | 216 | 1.4x |
| Waldwick, NJ | 10,090 | 141 | 0.9x |
| Airmont, NY | 10,082 | 150 | 0.9x |
| Upper Saddle River, NJ | 8,354 | 209 | 1.3x |
| Pleasantville, NY | 7,395 | 176 | 1.1x |
| Briarcliff Manor, NY | 7,333 | 178 | 1.1x |
