Ridgefield, NJ Cost Of Living
Cost Of Living In Ridgefield, NJ Summary
Cost of living in Ridgefield 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 Ridgefield 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 Ridgefield is 153, with 100 being the average.
The cost of living index in Ridgefield is 1.5x higher than the national average.
Ridgefield ranks as the #206 cheapest in New Jersey out of 260.
Ridgefield ranks as the #5,771 cheapest out of 6,489 in the US.
The median home value in Ridgefield is $757,668.
The median income in Ridgefield is $115,676.
Table Of Contents
Ridgefield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ridgefield, NJ?
According to the most recent data on the cost of living, Ridgefield has an overall cost of living index of 153, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Ridgefield has a cost of living index that's 1.3x higher than New Jersey's index of 122.
The standard of living in Ridgefield ranks as #206 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Ridgefield ranks as the #54 most expensive place in the Garden State.
For more reading on life in Ridgefield, check out:
In New Jersey
In America
Ridgefield Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Ridgefield. Here is how it fairs on each of the criteria:
The Services index in Ridgefield is 129.
The Groceries index in Ridgefield is 112.
The Health index in Ridgefield is 122.
The Housing index in Ridgefield is 232.
The Transportation index in Ridgefield is 117.
The Utilities index in Ridgefield is 104.
| Living Expense | Ridgefield | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 153 | 122 | 100 | |
| Services | 129 | 108 | 100 | |
| Groceries | 112 | 104 | 100 | |
| Health | 122 | 99 | 100 | |
| Housing | 232 | 159 | 100 | |
| Transportation | 117 | 101 | 100 | |
| Utilities | 104 | 107 | 100 | |
Ridgefield, 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 Ridgefield is $757,668.
The Median Rent in Ridgefield is $1,935.
The Median Income in Ridgefield is $115,676.
The Home Value To Income in Ridgefield is 6.5x.
The Rent To Monthly Income in Ridgefield is 0.2x.
| Statistic | Ridgefield | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $757,668 | $564,432 | $303,400 |
| Median Rent | $1,935 | $1,653 | $1,348 |
| Median Income | $115,676 | $101,050 | $78,538 |
| Home Value To Income | 6.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Ridgefield, NJ Costs By Category
Detailed Ridgefield Services Costs Vs. New Jersey
| Item | Ridgefield | New Jersey |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Ridgefield Groceries Costs Vs. New Jersey
| Item | Ridgefield | New Jersey |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Ridgefield Health Costs Vs. New Jersey
| Item | Ridgefield | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Ridgefield Transportation Costs Vs. New Jersey
| Item | Ridgefield | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Ridgefield Utilities Costs Vs. New Jersey
| Item | Ridgefield | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Ridgefield SnackAbility
/10
Cost Of Living In Cities Around Ridgefield
The cost of living varies in the cities and towns around Ridgefield. Here's a quick look at the cost of living in the most populous nearby places:
Cliffside Park, NJ has a cost of living index of 149, 1.0x Ridgefield.
Palisades Park, NJ has a cost of living index of 163, 1.1x Ridgefield.
North Valley Stream, NY has a cost of living index of 151, 1.0x Ridgefield.
| City | Population | Cost Of Living | Vs. Ridgefield |
|---|---|---|---|
| Cliffside Park, NJ | 25,580 | 149 | 1.0x |
| Palisades Park, NJ | 20,192 | 163 | 1.1x |
| North Valley Stream, NY | 17,756 | 151 | 1.0x |
| Port Washington, NY | 17,613 | 194 | 1.3x |
| Fairview, NJ | 14,920 | 156 | 1.0x |
| Edgewater, NJ | 14,544 | 177 | 1.2x |
| North New Hyde Park, NY | 14,354 | 178 | 1.2x |
| Ridgefield Park, NJ | 13,167 | 140 | 0.9x |
| Guttenberg, NJ | 11,638 | 130 | 0.8x |
| Little Ferry, NJ | 10,942 | 139 | 0.9x |
