salaryRent is higher than in 65% of U.S. cities. Household incomes are higher than in 93% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 32.1 minutes each way. Most homes (96.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $77,240 a year. That is $37 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 77 of 291 cities from cheapest to most expensive.
How much do households earn in Ringwood?
Share of households by yearly income. 64.0% of households earn $100,000 or more.
Rent by apartment size in Ringwood
| Size | Ringwood | U.S. average |
|---|---|---|
| 2 bedrooms | $2,288 | $1,509 |
| 3 bedrooms | $2,207 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Ringwood 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 Ringwood, so the New Jersey figure is shown.
Taxes and bills in Ringwood
Life in Ringwood
Is it cheaper to rent or buy in Ringwood?
Renting is cheaper right now: about $1,190 a month less.
Owning assumes a typical $449,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $44,980 for the down payment.
Frequently asked questions
What is the average rent in Ringwood, NJ?
Renting in Ringwood costs a median of about $1,931 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Ringwood?
To keep rent under 30% of income, you need about $77,240 a year, or $37 an hour at a full-time job.
Is Ringwood cheap or expensive?
Ringwood is rated Cheap: rent takes 14.1% of the typical household income of $164,378. It ranks 77th cheapest of 291 New Jersey cities we track.
How much are property taxes in Ringwood?
The median homeowner in Ringwood pays $10,000+ a year in property taxes, about 2.22% of the median home value.
Is Ringwood 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 Ringwood?
The median home value in Ringwood is $449,800, about 2.7 times the typical yearly household income.
11,657 people live in Ringwood. Numbers are typical (middle) values.