Housing costs in Wood-Ridge?
A typical home costs
$515,800, which is 52.6% more expensive than the national average of
$338,100 and 19.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Wood-Ridge costs
$2,200 per month, which is 28.7% more than the national average of
$1,710 and close to the state average of
$2,170.
Can I afford Wood-Ridge?
To live comfortably in Wood-Ridge (zip 07075), New Jersey, a minimum annual income of
$99,000 for a family, and
$75,600 for a single person is recommended.
What does A.I. say about Wood-Ridge?
The cost of living in 07075 Wood-Ridge, NJ is higher than the US average. According to data from Bestplaces.net, the overall cost of living index for Wood-Ridge is 135.7, which is 35.7% higher than the US average of 100. Housing expenses are particularly high, with an index rating of 197.3, which is almost double the US average. Additionally, the median home value in Wood-Ridge is $343,100, which is significantly more expensive than the national median home value of $219,700. The median household income in Wood-Ridge is also quite high at $83,660 compared to the US median household income of $61,937. All these factors contribute to an overall high cost of living in 07075 Wood-Ridge, NJ.