Cost of Living in Ringwood, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
206.9
100 = national avg
+106.9 vs national average
Living Wage (1 Adult)
$91,039
per year
Living Wage (Family of 4)
$215,184
per year
Cost Index by Category
Housing247.2
Food158.9
Transportation217.9
Healthcare147.2
Utilities164.8
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 Ringwood is 206.9, which is 106.9% above the national average. Housing costs are above the national average at an index of 247.2. A single adult needs to earn approximately $91,039 per year to cover basic expenses.