Here's what it costs to live in Ridgewood, New Jersey, based on the latest US government data. Renters pay a median of $2,340 per month, while the typical home is valued around $882,700. Households earn a median of $217,250 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$217,250
Annual · Census ACS
Median Gross Rent
$2,340
Per month · Census ACS
Median Home Value
$882,700
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
10.75%
Top marginal rate
State Sales Tax
6.63%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
26,076
Latest estimate
Median Age
41.1 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Ridgewood?
The cost of living index for Ridgewood is not yet available in our database.
What is the median rent in Ridgewood?
The median gross rent in Ridgewood is $2,340 per month according to US Census ACS data.
What is the median household income in Ridgewood?
The median household income in Ridgewood is $217,250 per year.
What is the median home value in Ridgewood?
The median home value in Ridgewood is $882,700 based on the latest Census ACS survey.
How is the air quality in Ridgewood?
Air quality data for Ridgewood is not yet available.
What are the taxes like in Ridgewood?
New Jersey has a top state income tax rate of 10.75% and a statewide sales tax of 6.63% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology