What is the cost of living in Ringwood, NJ?
According to the most recent data on the cost of living, Ringwood has an overall cost of living index of 135, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Ringwood has a cost of living index that's 1.1x higher than New Jersey's index of 125.
The standard of living in Ringwood ranks as #146 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Ringwood ranks as the #116 most expensive place in the Garden State.
For more reading on life in Ringwood, check out:
Ringwood Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Ringwood. Here is how it fares on each of the criteria:
The Services index in Ringwood is 110.
The Groceries index in Ringwood is 109.
The Health index in Ringwood is 199.
The Housing index in Ringwood is 111.
The Transportation index in Ringwood is 113.
The Utilities index in Ringwood is 107.
| Living Expense | Ringwood | New Jersey | National Average |
|---|---|---|---|
| Overall | 135 | 125 | 100 |
| Services | 110 | 107 | 100 |
| Groceries | 109 | 113 | 100 |
| Health | 199 | 155 | 100 |
| Housing | 111 | 116 | 100 |
| Transportation | 113 | 112 | 100 |
| Utilities | 107 | 113 | 100 |
Ringwood 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 Ringwood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Ringwood, 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 Ringwood is $596,571.
The Median Rent in Ringwood is $1,750.
The Median Income in Ringwood is $152,414.
The Home Value To Income in Ringwood is 3.9x.
The Rent To Monthly Income in Ringwood is 0.14x.
| Statistic | Ringwood | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $596,571 | $569,411 | $332,700 |
| Median Rent | $1,750 | $1,720 | $1,413 |
| Median Income | $152,414 | $103,556 | $80,734 |
| Home Value To Income | 3.9x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.21x |
Ringwood, NJ Costs By Category
Detailed Ringwood Services costs vs. New Jersey
| Item | Ringwood | New Jersey |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $14.15 | $12.13 |
| Bowling | $25.03 | $18 |
| Haircut | $29.17 | $24.26 |
| Beauty Salon | $40.36 | $45.56 |
Detailed Ringwood Groceries costs vs. New Jersey
| Item | Ringwood | New Jersey |
|---|---|---|
| Ground Beef | $5.64 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.66 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Ringwood Health costs vs. New Jersey
| Item | Ringwood | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Ringwood Transportation costs vs. New Jersey
| Item | Ringwood | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Ringwood Utilities costs vs. New Jersey
| Item | Ringwood | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Ringwood SnackAbility
Cost Of Living In Cities Around Ringwood
The cost of living varies in the cities and towns around Ringwood. Here's a quick look at the cost of living in the most populous nearby places:
Ramsey, NJ has a cost of living index of 163, 1.2x Ringwood.
Oakland, NJ has a cost of living index of 149, 1.1x Ringwood.
Stony Point, NY has a cost of living index of 132, 1.0x Ringwood.
| City | Population | Cost Of Living | Vs. Ringwood |
|---|---|---|---|
| Ramsey, NJ | 14,805 | 163 | 1.2x |
| Oakland, NJ | 12,768 | 149 | 1.1x |
| Stony Point, NY | 12,728 | 132 | 1.0x |
| Suffern, NY | 11,441 | 128 | 0.9x |
| Wanaque, NJ | 11,206 | 135 | 1.0x |
| Franklin Lakes, NJ | 11,084 | 221 | 1.6x |
| Pompton Lakes, NJ | 11,047 | 129 | 1.0x |
| Lincoln Park, NJ | 10,957 | 133 | 1.0x |
| Chestnut Ridge, NY | 10,557 | 153 | 1.1x |
| Hillcrest, NY | 9,071 | 141 | 1.0x |
