Housing costs in Ringwood?
A typical home costs
$441,300, which is 30.5% more expensive than the national average of
$338,100 and 2.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Ringwood costs
$2,400 per month, which is 40.4% more than the national average of
$1,710 and 9.6% more than the state average of
$2,170.
Can I afford Ringwood?
To live comfortably in Ringwood (zip 07456), New Jersey, a minimum annual income of
$84,600 for a family, and
$82,800 for a single person is recommended.
What does A.I. say about Ringwood?
The cost of living in 07456 Ringwood, NJ is quite high compared to the national average. The median household income in this zip code is $91,093, which is about $22,000 more than the national average. The median home value here is also higher than the national average at $450,000. Rent prices are also on the high side with an average of around $2,200 per month for a two-bedroom apartment. Groceries and other everyday items are slightly more expensive as well due to the population density in the area. However, all these costs come with plenty of advantages such as access to top-notch schools and some of New Jersey鈥檚 best shopping and dining destinations.