A general overview of the cost of living index for Wood-Ridge, NJ is displayed above. In Wood-Ridge, NJ, the overall cost of living index is 153, which is 17% higher than the New Jersey average and 53% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Wood-Ridge, NJ, the city's goods and services are 8% higher than the New Jersey average and 27% higher than the U.S. average.