Ridgefield cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexRidgefieldNew JerseyNational
Cost of living index163131100
IndexRidgefieldNew JerseyNational
Goods & Services index127118100
Groceries index132116100
Health care index115111100
Housing index241166100
Transportation index134118100
Utilities index133110100
The above illustration supplies generalized information for the Ridgefield, NJ cost of living index. Compared to other cities in New Jersey and cities across the country, the cost of living index in Ridgefield, NJ is 163, which is 24% higher than the New Jersey average and 63% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Ridgefield, NJ are 8% higher than the average for New Jersey and 27% higher than the rest of the country.

Did you know?

  • The cost of living in Ridgefield is 24% higher than the New Jersey average.
  • The cost of living in Ridgefield is 63% higher than the national average.
  • The cost of housing in Ridgefield is 141% higher than the national average.
  • New Jersey general sales tax is 37% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Compare Ridgefield, NJ Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Ridgefield, NJ to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Ridgefield, NJ, you have to earn a higher income in order to still have the same standard of living. To operate the Ridgefield, NJ salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,250$7,104$1,989$2,558
Renters$62,196$5,183$1,451$1,866
One can approximate the cost of living and the housing affordability in Ridgefield, NJ by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Ridgefield, NJ have a median income of $85,250. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,989 per month to avoid calamity and poverty. The renters in the city have an income of about $62,196, which would make their monthly maximum allowable rental costs $1,451.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey7%7%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%
One thing to keep in mind when considering the cost of living in Ridgefield, NJ is the New Jersey sales tax and New Jersey income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New Jersey sales tax rate is 7% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New Jersey income tax rates range from 1.4% to 8.97%.

Goods & Services

ItemRidgefieldNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $65.00$34.6887.4%
Toothpaste $3.89$2.4757.3%
Shampoo $0.99$1.023.1%
Movie $14.00$9.8741.9%
Bowling $12.00$4.39173.2%

Groceries

ItemRidgefieldNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.94$1.4632.5%
Milk $1.96$2.3616.8%
Potatoes $4.89$3.0659.7%
Pizza $11.50$9.2424.4%
Beer $9.89$8.6314.6%

Health Care

ItemRidgefieldNational avg.Difference
Optometrist $99.50$99.780.3%
Doctor $115.00$105.039.5%
Dentist $112.88$88.7027.3%
Ibuprofen $12.39$9.4131.6%
Lipitor $298.37$298.500.0%

Housing

ItemRidgefieldNational avg.Difference
Home Price $493,600.00$175,700.00180.9%
Avg. Mortgage Payment $3,389.29$1,081.03213.5%
Apartment Rent $1,361.00$920.0047.9%

Transportation

ItemRidgefieldNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $69.96$45.2954.5%

Utilities

ItemRidgefieldNational avg.Difference
All Electricity$259.37$170.8051.9%
Phone $30.33$28.267.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Greenville, NY5731044%
East Orange, NJ64,53811313%
Newark, NJ278,75011414%
Roselle, NJ21,34811414%
Silver Lake, NJ3,59412323%
Ridgefield, NJ11,19116363%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Merriam, KS11,19194-6%
Ironton, OH11,19081-19%
North Valley, NM11,1891022%
Wyandanch, NY11,18713333%
Peru, IN11,19978-22%
Ridgefield, NJ11,19116363%
Source: The Ridgefield, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.