Ridgewood, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Ridgewood stands at 128, which is 28% higher than the national average of 100. This increase is largely driven by housing costs, which are 68% above the national average.
Other categories like groceries, utilities, healthcare, and miscellaneous expenses also exceed the national average, though to a lesser extent. For instance, groceries cost 20% more, utilities are 10% higher, healthcare expenses are 15% above average, and miscellaneous costs are 25% higher. These figures highlight the importance of considering the cost of living when relocating to Ridgewood, NJ.
Ridgewood, NJ, has a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Ridgewood are notably 68% higher than the average, with an index of 168. This means that expenses related to renting or buying a home are significantly more expensive here than in many other areas across the country.
Other expenses also show a similar trend. For groceries, the cost of living index is 120, which is 20% higher than the national average. Utilities, which include electricity, gas, and water, are 10% higher at 110. Healthcare costs are also above average, with an index of 115, indicating a 15% increase. These higher costs reflect the overall living expenses in Ridgewood, making it important for job seekers to consider these factors when planning their move.
