Wood-Ridge, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Wood-Ridge, NJ Summary

Cost of living in Wood-Ridge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Wood-Ridge is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Wood-Ridge is 136, with 100 being the average.

  • The cost of living index in Wood-Ridge is 1.4x higher than the national average.

  • Wood-Ridge ranks as the #157 cheapest in New Jersey out of 251.

  • Wood-Ridge ranks as the #5,458 cheapest out of 6,412 in the US.

  • The median home value in Wood-Ridge is $454,700.

  • The median income in Wood-Ridge is $123,184.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
136
Wood-Ridge's Overall Cost Of Living
1.4x
Higher Than The National Average

What is the cost of living in Wood-Ridge, NJ?

According to the most recent data on the cost of living, Wood-Ridge has an overall cost of living index of 136, which is 1.4x higher than the national index of 100.

Compared to New Jersey, Wood-Ridge has a cost of living index that's 1.2x higher than New Jersey's index of 111.

The standard of living in Wood-Ridge ranks as #157 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Wood-Ridge ranks as the #94 most expensive place in the Garden State.

For more reading on life in Wood-Ridge, check out:

157 out of 251
In New Jersey
5,458 out of 6,412
In America

Wood-Ridge Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Wood-Ridge. Here is how it fairs on each of the criteria:

  • The Services index in Wood-Ridge is 112.

  • The Groceries index in Wood-Ridge is 109.

  • The Health index in Wood-Ridge is 98.

  • The Housing index in Wood-Ridge is 198.

  • The Transportation index in Wood-Ridge is 110.

  • The Utilities index in Wood-Ridge is 103.

Living Expense Wood-Ridge New Jersey National Average
Overall 136 111 100
Services 112 104 100
Groceries 109 104 100
Health 98 95 100
Housing 198 130 100
Transportation 110 106 100
Utilities 103 108 100
For more reading on cost of living around New Jersey, check out:
Wood-Ridge Cost of Living Vs. NJ

Wood-Ridge, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Wood-Ridge is $454,700.

  • The Median Rent in Wood-Ridge is $1,775.

  • The Median Income in Wood-Ridge is $123,184.

  • The Home Value To Income in Wood-Ridge is 3.7x.

  • The Rent To Monthly Income in Wood-Ridge is 0.17x.

Statistic Wood-Ridge New Jersey United States
Median Home Value $454,700 $355,700 $244,900
Median Rent $1,775 $1,436 $1,163
Median Income $123,184 $89,703 $69,021
Home Value To Income 3.7x 4.0x 3.5x
Rent To Monthly Income 0.17x 0.19x 0.2x
Search Homes For Sale In Wood-Ridge, NJ
$454,700
Median Home Value
$1,775
Median Rent
$123,184
Median Income

Wood-Ridge, NJ Costs By Category

Detailed Wood-Ridge Services Costs Vs. New Jersey

Item Wood-Ridge New Jersey
Shampoo $1.0 $1.06
Movie $12.49 $10.68
Bowling $18.0 $14.67
Haircut $20.93 $18.62
Beauty Salon $36.53 $39.05

Detailed Wood-Ridge Groceries Costs Vs. New Jersey

Item Wood-Ridge New Jersey
Ground Beef $4.09 $4.22
Fried Chicken $1.79 $1.39
Milk $2.44 $2.05
Potatoes $3.25 $3.29
Pizza $11.36 $10.62
Beer $9.32 $9.38
Toothpaste $2.22 $2.34

Detailed Wood-Ridge Health Costs Vs. New Jersey

Item Wood-Ridge New Jersey
Optometrist $106.0 $108.57
Doctor $91.0 $116.17
Dentist $102.33 $99.13

Detailed Wood-Ridge Transportation Costs Vs. New Jersey

Item Wood-Ridge New Jersey
Gasoline $2.37 $2.22
Tire Balancing $54.12 $50.07

Detailed Wood-Ridge Utilities Costs Vs. New Jersey

Item Wood-Ridge New Jersey
All Electricity $178.53 $167.67
Phone $179.87 $175.64

Wood-Ridge SnackAbility

10
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
8
Diversity
8.5
Safety
9
Amenities
9
Education
9
Commute
4

Cost Of Living In Cities Around Wood-Ridge

The cost of living varies in the cities and towns around Wood-Ridge. Here's a quick look at the cost of living in the most populous nearby places:

  • Passaic, NJ has a cost of living index of 122, 0.9x Wood-Ridge.

  • Garfield, NJ has a cost of living index of 128, 0.9x Wood-Ridge.

  • Lodi, NJ has a cost of living index of 127, 0.9x Wood-Ridge.

City Population Cost Of Living Vs. Wood-Ridge
Passaic, NJ 70,308 122 0.9x
Garfield, NJ 32,481 128 0.9x
Lodi, NJ 25,983 127 0.9x
Eastchester, NY 20,636 163 1.2x
Mamaroneck, NY 19,989 165 1.2x
Rutherford, NJ 18,781 137 1.0x
Scarsdale, NY 18,063 265 1.9x
Hasbrouck Heights, NJ 12,120 134 1.0x
Wallington, NJ 11,833 126 0.9x
Dobbs Ferry, NY 11,511 169 1.2x

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