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 163, 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 125.
The standard of living in Ramsey ranks as #221 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Ramsey ranks as the #41 most expensive place in the Garden State.
For more reading on life in Ramsey, check out:
Ramsey Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Ramsey. Here is how it fares on each of the criteria:
The Services index in Ramsey is 109.
The Groceries index in Ramsey is 112.
The Health index in Ramsey is 294.
The Housing index in Ramsey is 112.
The Transportation index in Ramsey is 113.
The Utilities index in Ramsey is 105.
| Living Expense | Ramsey | New Jersey | National Average |
|---|---|---|---|
| Overall | 163 | 125 | 100 |
| Services | 109 | 107 | 100 |
| Groceries | 112 | 113 | 100 |
| Health | 294 | 155 | 100 |
| Housing | 112 | 116 | 100 |
| Transportation | 113 | 112 | 100 |
| Utilities | 105 | 113 | 100 |
Ramsey Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Ramsey Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Ramsey is $863,403.
The Median Rent in Ramsey is $2,245.
The Median Income in Ramsey is $160,996.
The Home Value To Income in Ramsey is 5.4x.
The Rent To Monthly Income in Ramsey is 0.17x.
| Statistic | Ramsey | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $863,403 | $569,411 | $332,700 |
| Median Rent | $2,245 | $1,720 | $1,413 |
| Median Income | $160,996 | $103,556 | $80,734 |
| Home Value To Income | 5.4x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
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
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 168, 1.0x Ramsey.
Scarsdale, NY has a cost of living index of 280, 1.7x Ramsey.
Dobbs Ferry, NY has a cost of living index of 173, 1.1x Ramsey.
| City | Population | Cost Of Living | Vs. Ramsey |
|---|---|---|---|
| Eastchester, NY | 20,491 | 168 | 1.0x |
| Scarsdale, NY | 18,010 | 280 | 1.7x |
| Dobbs Ferry, NY | 11,443 | 173 | 1.1x |
| Suffern, NY | 11,441 | 128 | 0.8x |
| Franklin Lakes, NJ | 11,084 | 221 | 1.4x |
| Airmont, NY | 10,205 | 158 | 1.0x |
| Waldwick, NJ | 10,164 | 145 | 0.9x |
| Upper Saddle River, NJ | 8,439 | 213 | 1.3x |
| Briarcliff Manor, NY | 7,519 | 178 | 1.1x |
| Pleasantville, NY | 7,371 | 178 | 1.1x |
