Cost Of Living in Wood-Ridge, NJ

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F

40%

Overall NAT. AVG.

5%

Goods & Services NAT. AVG.

121%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.

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.
Index	Wood-Ridge	New Jersey	National
Cost of living	140	119	100
Goods & Services	105	104	100
Groceries	104	103	100
Health care	109	111	100
Housing	221	157	100
Transportation	103	101	100
Utilities	104	101	100

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Homes For Sale In Wood-Ridge, NJ

71 Madison St

Wood Ridge, NJ

69 Truman Dr

Wood-Ridge, NJ

69 Arnold Dr #5810

Wood Ridge, NJ

129 Truman Dr

Wood-Ridge, NJ

Cost Of Living Quick Facts

The cost of living in Wood-Ridge is 17% higher than the New Jersey average
The cost of living in Wood-Ridge is 40% higher than the national average
Wood-Ridge housing is 121% 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

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$210,708	$17,559	$4,916	$6,322
Renters	$122,054	$10,171	$2,848	$3,662

A good way to judge both the affordability of the housing and the cost of living in Wood-Ridge is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Wood-Ridge has a median income of about $210,708 for people who own homes. Based on that number, a maximum of $4,916 should be spent on expenses related to housing. Renters have a slightly different median income, which is $122,054. Based on this average, renters should spend no more than $2,848 on all rental costs if they want to maintain a non-impoverished standard of living.

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%

Goods & Services

Item	Wood-Ridge	National avg.	Difference
Haircut	$31.67	$27.62	14.7%
Beauty Salon	$50.23	$51.11	1.7%
Toothpaste	$4.05	$4.09	1.0%
Shampoo	$1.60	$1.54	3.8%
Movie	$15.48	$12.88	20.2%
Yoga	$26.12	$19.66	32.9%

Groceries

Item	Wood-Ridge	National avg.	Difference
Ground Beef	$7.55	$7.70	2.0%
Fried Chicken	$1.63	$1.66	1.9%
Milk	$5.00	$4.73	5.6%
Potatoes	$5.23	$5.26	0.5%
Pizza	$11.77	$12.76	7.8%
Beer	$11.11	$10.55	5.3%

Health Care

Item	Wood-Ridge	National avg.	Difference
Optometrist	$110.19	$140.06	21.3%
Doctor	$209.56	$153.82	36.2%
Dentist	$141.87	$123.15	15.2%
Ibuprofen	$12.00	$11.73	2.3%
Lipitor	$17.16	$23.61	27.3%

Housing

Item	Wood-Ridge	National avg.	Difference
Home Price	$799,004.00	$326,622.00	144.6%
Avg. Mortgage Payment	$3,092.14	$2,480.25	24.7%
Apartment Rent	$2,405.00	$1,444.00	66.6%

Transportation

Item	Wood-Ridge	National avg.	Difference
Gasoline	$3.12	$3.06	1.9%
Tire Balancing	$69.08	$65.21	5.9%

Utilities

Item	Wood-Ridge	National avg.	Difference
All Electricity	$236.94	$220.12	7.6%
Phone	$190.55	$195.71	2.6%

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	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	616	109	8.7%
East Orange, NJ	66,655	110	10.2%
Roselle, NJ	22,321	112	11.5%
Silver Lake CDP (Warren County), NJ	326	112	12.3%
Newark, NJ	290,764	114	13.7%
Wood-Ridge, NJ	9,289	140	39.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Corman Park No. 344, SK	9,288	n/a
Cambridge, MN	9,290	97	3.0%
Brewer, ME	9,292	101	0.8%
Cowichan Valley B, BC	9,293	n/a
Cameron, MO	9,284	85	14.9%
Wood-Ridge, NJ	9,289	140	39.7%