F
Overall 59%
Goods & Services 12%
Housing 174%
Find Homes Find Rentals
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexGlen RidgeNew JerseyNational
Cost of living159121100
Goods & Services112105100
Groceries109107100
Health care9796100
Housing274158100
Transportation107105100
Utilities108105100

Key findings

  • The cost of living in Glen Ridge is 31% higher than the New Jersey average
  • The cost of living in Glen Ridge is 59% higher than the national average
  • Glen Ridge housing is 174% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 43% lower than the national average

Most Affordable Places to Live in and Around Glen Ridge

See all the best places to live around Glen Ridge

Compare Glen Ridge, NJ Cost of Living

      vs
      How would you rate the cost of living in Glen Ridge?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Glen Ridge?
      Write a review to give others more information about this area.
      See all Glen Ridge poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$200,093$16,674$4,669$6,003
      Renters$48,839$4,070$1,140$1,465
      To approximate the cost of living and the housing affordability in Glen Ridge, NJ, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Glen Ridge have a median income of $200,093. Therefore, the amount that a consumer should spend on housing costs should be no more than $4,669 per month to avoid calamity and poverty. The renters in the city have an income of about $48,839, which would make their monthly maximum allowable rental costs $1,140.

      New Jersey Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      New Jersey6.625%12.625%

      New Jersey Income Tax

      StateIncome Tax (Low)Income Tax (High)
      New Jersey1.4%10.75%

      Goods & Services

      ItemGlen RidgeNational avg.Difference
      Haircut $22.20$20.279.5%
      Beauty Salon $36.73$40.399.1%
      Toothpaste $2.31$2.362.1%
      Shampoo $1.38$1.0827.9%
      Movie $12.96$10.9917.9%
      Bowling $20.02$15.4929.3%

      Groceries

      ItemGlen RidgeNational avg.Difference
      Ground Beef $4.10$4.304.7%
      Fried Chicken $1.94$1.4038.4%
      Milk $2.54$2.2015.5%
      Potatoes $3.26$3.221.2%
      Pizza $11.19$10.744.2%
      Beer $8.99$9.606.3%

      Health Care

      ItemGlen RidgeNational avg.Difference
      Optometrist $104.00$109.735.2%
      Doctor $89.00$118.3424.8%
      Dentist $103.20$100.942.2%
      Ibuprofen $9.22$9.937.1%
      Lipitor $553.44$469.5317.9%

      Housing

      ItemGlen RidgeNational avg.Difference
      Home Price $593,300.00$184,700.00221.2%
      Avg. Mortgage Payment $1,981.54$1,229.6261.2%
      Apartment Rent $1,560.00$949.0064.4%

      Transportation

      ItemGlen RidgeNational avg.Difference
      Gasoline $2.83$2.714.6%
      Tire Balancing $58.00$51.8611.8%

      Utilities

      ItemGlen RidgeNational avg.Difference
      All Electricity$198.10$170.8416.0%
      Phone $183.25$187.182.1%
      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

      CityPopulationCost of Living IndexNational Avg.
      East Orange, NJ64,6211109.7%
      Roselle, NJ21,50711010.0%
      Newark, NJ280,13911111.0%
      Silver Lake, NJ4,00711312.8%
      Paterson, NJ146,89411413.9%
      Glen Ridge, NJ7,61515958.7%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Morehead, KY7,615928.3%
      Comox Valley B (Lazo North), BC7,614n/a 
      Green, OR7,6161010.9%
      McCook, NE7,6188118.9%
      Kent, BC7,619n/a 
      Glen Ridge, NJ7,61515958.7%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.