Cost of Living in Wood-Ridge, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
204.2
100 = national avg
+104.2 vs national average
Living Wage (1 Adult)
$89,858
per year
Living Wage (Family of 4)
$212,391
per year
Cost Index by Category
Housing260.3
Food150.4
Transportation200.9
Healthcare140.4
Utilities162.3
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 Wood-Ridge is 204.2, which is 104.2% above the national average. Housing costs are above the national average at an index of 260.3. A single adult needs to earn approximately $89,858 per year to cover basic expenses.