Housing costs in Ramsey?
A typical home costs
$623,800, which is 84.5% more expensive than the national average of
$338,100 and 44.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Ramsey costs
$2,070 per month, which is 44.8% more than the national average of
$1,430 and 17.4% more than the state average of
$1,710.
Can I afford Ramsey?
To live comfortably in Ramsey, New Jersey, a minimum annual income of
$119,520 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Ramsey?
The cost of living in Ramsey, NJ is slightly higher than the national average. The median home value in Ramsey is $524,900, which is much higher than the national median of $184,700. Additionally, goods and services are more expensive in Ramsey compared to many other places in the United States. Groceries tend to be more expensive here due to limited competition amongst local stores. Renting an apartment or house also tends to be more expensive than other areas due to the demand. Despite this, many people choose to live in Ramsey because of its close proximity to New York City and excellent school systems.