Ridgewood, NJ Cost Of Living
What is the cost of living in Ridgewood, NJ?
According to the most recent data on the cost of living, Ridgewood has an overall cost of living index of 178 which is 1.8x higher than the national index of 100.
Compared to only New Jersey, Ridgewood has a cost of living index that's 1.4x higher than New Jersey's index of 123.
The standard of living in Ridgewood ranks as #6,191 most affordable out of the 6,522 places we measured in New Jersey. By definition, that implies Ridgewood ranks as the #215 most expensive place in the Garden State.
Ridgewood Cost Of Living Vs. New Jersey
| Living Expense | Ridgewood | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 178 | 123 | 100 | |
| Services | 114 | 111 | 100 | |
| Groceries | 108 | 110 | 100 | |
| Health | 107 | 102 | 100 | |
| Housing | 337 | 158 | 100 | |
| Transportation | 111 | 110 | 100 | |
| Utilities | 105 | 100 | 100 | |
Ridgewood, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
| Statistic | Ridgewood | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $763,300 | $335,600 | $217,500 |
| Median Rent | $2,026 | $1,334 | $1,062 |
| Median Income | $184,355 | $82,545 | $62,843 |
| Home Value To Income | 4.1x | 4.1x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.19x | 0.2x |
Detailed Ridgewood Services Costs Vs. New Jersey
| Item | Ridgewood | New Jersey |
|---|---|---|
| Shampoo | $1.09 | $1.01 |
| Movie | $12.14 | $10.72 |
| Bowling | $18.4 | $13.86 |
Detailed Ridgewood Groceries Costs Vs. New Jersey
| Item | Ridgewood | New Jersey |
|---|---|---|
| Ground Beef | $3.85 | $3.9 |
| Fried Chicken | $1.66 | $1.4 |
| Milk | $2.21 | $1.96 |
Detailed Ridgewood Health Costs Vs. New Jersey
| Item | Ridgewood | New Jersey |
|---|---|---|
| Haircut | $24.0 | $17.49 |
| Beauty Salon | $39.0 | $38.17 |
| Toothpaste | $2.01 | $2.32 |
Detailed Ridgewood Transportation Costs Vs. New Jersey
| Item | Ridgewood | New Jersey |
|---|---|---|
| Potatoes | $3.39 | $3.18 |
| Pizza | $11.99 | $10.39 |
| Beer | $8.99 | $9.23 |
| Optometrist | $113.0 | $106.34 |
| Doctor | $96.67 | $115.25 |
| Dentist | $121.0 | $98.38 |
Detailed Ridgewood Utilities Costs Vs. New Jersey
| Item | Ridgewood | New Jersey |
|---|---|---|
| Gasoline | $2.77 | $2.59 |
| Tire Balancing | $59.0 | $48.9 |
| All Electricity | $184.45 | $167.6 |
| Phone | $177.03 | $163.42 |
Ridgewood SnackAbility
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Cost Of Living In Cities Around Ridgewood
| City | Population | Cost Of Living | Vs. Ridgewood | Fair Lawn, NJ | 33,017 | 136 | 0.8x | Paramus, NJ | 26,503 | 159 | 0.9x | Eastchester, NY | 19,990 | 158 | 0.9x | Hawthorne, NJ | 18,784 | 133 | 0.7x | Scarsdale, NY | 17,837 | 267 | 1.5x | Glen Rock, NJ | 11,780 | 165 | 0.9x | Waldwick, NJ | 9,986 | 145 | 0.8x | North Haledon, NJ | 8,437 | 141 | 0.8x | Briarcliff Manor, NY | 7,616 | 174 | 1.0x | Midland Park, NJ | 7,244 | 144 | 0.8x |
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