Ridgefield Park, NJ Cost Of Living
Cost Of Living In Ridgefield Park, NJ Summary
Cost of living in Ridgefield Park 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 Park 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 Park is 140, with 100 being the average.
The cost of living index in Ridgefield Park is 1.4x higher than the national average.
Ridgefield Park ranks as the #172 cheapest in New Jersey out of 260.
Ridgefield Park ranks as the #5,404 cheapest out of 6,489 in the US.
The median home value in Ridgefield Park is $593,640.
The median income in Ridgefield Park is $98,184.
Table Of Contents
Ridgefield Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ridgefield Park, NJ?
According to the most recent data on the cost of living, Ridgefield Park has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Ridgefield Park has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Ridgefield Park ranks as #172 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Ridgefield Park ranks as the #88 most expensive place in the Garden State.
For more reading on life in Ridgefield Park, check out:
In New Jersey
In America
Ridgefield Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Ridgefield Park. Here is how it fairs on each of the criteria:
The Services index in Ridgefield Park is 128.
The Groceries index in Ridgefield Park is 115.
The Health index in Ridgefield Park is 122.
The Housing index in Ridgefield Park is 183.
The Transportation index in Ridgefield Park is 115.
The Utilities index in Ridgefield Park is 101.
| Living Expense | Ridgefield Park | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 140 | 122 | 100 | |
| Services | 128 | 108 | 100 | |
| Groceries | 115 | 104 | 100 | |
| Health | 122 | 99 | 100 | |
| Housing | 183 | 159 | 100 | |
| Transportation | 115 | 101 | 100 | |
| Utilities | 101 | 107 | 100 | |
Ridgefield Park, 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 Park is $593,640.
The Median Rent in Ridgefield Park is $1,633.
The Median Income in Ridgefield Park is $98,184.
The Home Value To Income in Ridgefield Park is 6.0x.
The Rent To Monthly Income in Ridgefield Park is 0.2x.
| Statistic | Ridgefield Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $593,640 | $564,432 | $303,400 |
| Median Rent | $1,633 | $1,653 | $1,348 |
| Median Income | $98,184 | $101,050 | $78,538 |
| Home Value To Income | 6.0x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Ridgefield Park, NJ Costs By Category
Detailed Ridgefield Park Services Costs Vs. New Jersey
| Item | Ridgefield Park | 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 Park Groceries Costs Vs. New Jersey
| Item | Ridgefield Park | 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 Park Health Costs Vs. New Jersey
| Item | Ridgefield Park | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Ridgefield Park Transportation Costs Vs. New Jersey
| Item | Ridgefield Park | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Ridgefield Park Utilities Costs Vs. New Jersey
| Item | Ridgefield Park | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Ridgefield Park SnackAbility
/10
Cost Of Living In Cities Around Ridgefield Park
The cost of living varies in the cities and towns around Ridgefield Park. Here's a quick look at the cost of living in the most populous nearby places:
Hackensack, NJ has a cost of living index of 134, 1.0x Ridgefield Park.
Fort Lee, NJ has a cost of living index of 141, 1.0x Ridgefield Park.
Palisades Park, NJ has a cost of living index of 163, 1.2x Ridgefield Park.
| City | Population | Cost Of Living | Vs. Ridgefield Park |
|---|---|---|---|
| Hackensack, NJ | 45,768 | 134 | 1.0x |
| Fort Lee, NJ | 39,818 | 141 | 1.0x |
| Palisades Park, NJ | 20,192 | 163 | 1.2x |
| Mamaroneck, NY | 19,840 | 166 | 1.2x |
| Port Washington, NY | 17,613 | 194 | 1.4x |
| Fairview, NJ | 14,920 | 156 | 1.1x |
| North New Hyde Park, NY | 14,354 | 178 | 1.3x |
| Ridgefield, NJ | 11,439 | 153 | 1.1x |
| Little Ferry, NJ | 10,942 | 139 | 1.0x |
| New Hyde Park, NY | 10,208 | 169 | 1.2x |
