Cost of Living in Ramsey, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
237.9
100 = national avg
+137.9 vs national average
Living Wage (1 Adult)
$104,669
per year
Living Wage (Family of 4)
$247,399
per year
Cost Index by Category
Housing290.0
Food175.9
Transportation251.9
Healthcare160.7
Utilities183.6
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 Ramsey is 237.9, which is 137.9% above the national average. Housing costs are above the national average at an index of 290.0. A single adult needs to earn approximately $104,669 per year to cover basic expenses.