States › New Jersey › Ridgefield Park

Is Ridgefield Park, NJ expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,51714% lower than U.S. average
💵 Families earn per year (2026)$108,624about $9,052/month · 25% higher than U.S. average
🔑 House price$496,70049% higher than U.S. average

Rent is lower than in 57% of U.S. cities. A typical house costs about 4.6 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $60,680 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

Yes. Rent here is cheaper than in most of New Jersey. It is number 26 of 291 cities from cheapest to most expensive.

Ridgefield Park
$1,517
Franklin Park
$2,724
Echelon
$2,234
Woodland Park
$2,230
Somerville
$2,169
Holiday City-Berkeley
$1,810
Mercerville
$1,789

How much do households earn in Ridgefield Park?

Under $25k
7.7%
$25k–50k
16.4%
$50k–100k
34.6%
$100k–150k
18.0%
$150k+
17.5%

Share of households by yearly income. 35.5% of households earn $100,000 or more.

Rent by apartment size in Ridgefield Park

SizeRidgefield ParkU.S. average
Studio$1,772$1,338
1 bedroom$1,724$1,324
2 bedrooms$2,151$1,509
3 bedrooms$2,418$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Ridgefield Park overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Ridgefield Park, so the New Jersey figure is shown.

Taxes and bills in Ridgefield Park

🏛️ Property tax$10,000+a year · 2.01% of home value · U.S. $3,119
⚡ Electric bill$155a month (typical) · U.S. $156

Life in Ridgefield Park

Commute to work27.3 minU.S.: 26.4 min
College degree34.5%U.S.: 35.7%
Own their home60.1%U.S.: 65.2%
Below poverty line11.9%U.S.: 12.5%
Unemployment9.9%U.S.: 5.2%

Is it cheaper to rent or buy in Ridgefield Park?

Renting is cheaper right now: about $1,929 a month less.

Renting
$1,517
Owning
$3,446

Owning assumes a typical $496,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $49,670 for the down payment.

Frequently asked questions

What is the average rent in Ridgefield Park, NJ?

Renting in Ridgefield Park costs a median of about $1,517 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Ridgefield Park?

To keep rent under 30% of income, you need about $60,680 a year, or $29 an hour at a full-time job.

Is Ridgefield Park cheap or expensive?

Ridgefield Park is rated Cheap: rent takes 16.8% of the typical household income of $108,624. It ranks 26th cheapest of 291 New Jersey cities we track.

How much are property taxes in Ridgefield Park?

The median homeowner in Ridgefield Park pays $10,000+ a year in property taxes, about 2.01% of the median home value.

Is Ridgefield Park 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 Ridgefield Park?

The median home value in Ridgefield Park is $496,700, about 4.6 times the typical yearly household income.

13,235 people live in Ridgefield Park. Numbers are typical (middle) values.