Cost of Living in Park Ridge, NJ

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F
61%
Overall NAT. AVG.
8%
Groceries NAT. AVG.
177%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Park Ridge New Jersey National
Cost of living161125100
Groceries108108100
Health care111112100
Housing277157100
Transportation110114100
Utilities112111100
Lifestyle & Entertainment107113100
Household Items108107100
Education & Childcare120120100
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Homes For Sale In Park Ridge, NJ

property for sale

154 Spring Valley Rd

Park Ridge, NJ
property for sale

227 Emily Dr

Park Ridge, NJ
property for sale

123B S Maple Ave Unit A

Park Ridge, NJ
property for sale

54 Chestnut Ave

Park Ridge, NJ

Cost Of Living Quick Facts

  • The cost of living in Park Ridge is 28% higher than the New Jersey average
  • The cost of living in Park Ridge is 61% higher than the national average
  • Park Ridge housing is 177% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Park Ridge

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$247,279$20,607$5,769$7,419
      Renters$66,161$5,513$1,544$1,985
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Park Ridge, NJ, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Park Ridge, homeowners have a median income of $247,279. Using that number, a maximum of $5,769 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $66,161, which means there is a maximum of $1,544 to be spent on the costs of renting a home or apartment.

      New Jersey Sales Tax

      State General Sales Tax With Max Surtax
      New Jersey 6.625% 12.625%

      New Jersey Income Tax

      State Income Tax (Low) Income Tax (High)
      New Jersey 1.4% 10.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Greenville CDP (Greene County), NY6161066.1%
      Greenwood Lake, NY3,16811817.7%
      Paterson, NJ149,11812221.5%
      Mount Ivy, NY7,67512020.1%
      Haverstraw, NY12,43112121.4%
      Park Ridge, NJ8,96316160.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lansdowne, MD8,9641044.0%
      North Madison, OH8,964919.4%
      Village Green-Green Ridge, PA8,9611099.2%
      Collingdale, PA8,960973.2%
      Sanatoga, PA8,9581033.2%
      Park Ridge, NJ8,96316160.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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