Cost of Living in Park Ridge, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
224.0
100 = national avg
+124.0 vs national average
Living Wage (1 Adult)
$98,567
per year
Living Wage (Family of 4)
$232,976
per year
Cost Index by Category
Housing289.2
Food176.4
Transportation159.5
Healthcare161.1
Utilities183.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,024
per month
2 Bedroom
$2,324
per month
The overall cost of living index in Park Ridge is 224.0, which is 124.0% above the national average. Housing costs are above the national average at an index of 289.2. A single adult needs to earn approximately $98,567 per year to cover basic expenses.