Cost of Living in Ridgewood, NJ
Population: 26,076 • 2026 Data
$217,250
Median Household Income
+181% vs national
$2,340
Median Monthly Rent
+74% vs national
$882,700
Median Home Value
+160% vs national
3.5%
Unemployment Rate
Housing in Ridgewood
The median home value in Ridgewood, NJ is $882,700. Monthly rent for a typical unit averages $2,340, while total monthly housing costs (including utilities and insurance) average $3,760.
Rent-to-income ratio: 12.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Ridgewood, NJ is $217,250. The unemployment rate stands at 3.5%, with a labor force of 13,236 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.