salaryRent is higher than in 85% of U.S. cities. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 4.0 years of household income. Commutes are long, about 31.8 minutes each way. Most homes (79.2%) are owned, so rentals can be hard to find. It is a highly educated city: 67% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $99,080 a year. That is $48 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 188 of 291 cities from cheapest to most expensive.
How much do households earn in Ramsey?
Share of households by yearly income. 59.7% of households earn $100,000 or more.
Rent by apartment size in Ramsey
| Size | Ramsey | U.S. average |
|---|---|---|
| Studio | $1,539 | $1,338 |
| 1 bedroom | $1,775 | $1,324 |
| 2 bedrooms | $3,243 | $1,509 |
| 3 bedrooms | $3,014 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Ramsey overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Ramsey, so the New Jersey figure is shown.
Taxes and bills in Ramsey
Life in Ramsey
Is it cheaper to rent or buy in Ramsey?
Renting is cheaper right now: about $2,361 a month less.
Owning assumes a typical $697,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $69,730 for the down payment.
Frequently asked questions
What is the average rent in Ramsey, NJ?
Renting in Ramsey costs a median of about $2,477 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Ramsey?
To keep rent under 30% of income, you need about $99,080 a year, or $48 an hour at a full-time job.
Is Ramsey cheap or expensive?
Ramsey is rated Cheap: rent takes 17.1% of the typical household income of $173,634. It ranks 188th cheapest of 291 New Jersey cities we track.
How much are property taxes in Ramsey?
The median homeowner in Ramsey pays $10,000+ a year in property taxes, about 1.43% of the median home value.
Is Ramsey more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Ramsey?
The median home value in Ramsey is $697,300, about 4.0 times the typical yearly household income.
14,805 people live in Ramsey. Numbers are typical (middle) values.