Ridgewood, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Ridgewood stands at 130, which is 30% higher than the national average of 100. This increase is largely driven by housing costs, which are 75% higher than the national average.
Other categories such as groceries, utilities, transportation, healthcare, and miscellaneous expenses also contribute to the elevated cost of living. Groceries are 20% higher, utilities 5% higher, transportation 15% higher, healthcare 10% higher, and miscellaneous expenses 30% 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. The housing index in Ridgewood stands at 175, which is 75% higher than the national average of 100. This significant increase suggests that housing costs in Ridgewood are notably steeper for residents.
Other expenses in Ridgewood also reflect higher costs. For instance, groceries have an index of 120, which is 20% above the national average. Utilities, transportation, healthcare, and miscellaneous items also show increases, with indices of 105, 115, 110, and 130, respectively. These figures indicate that while Ridgewood offers a high quality of life, it comes with a higher financial commitment across various sectors.
