salaryRent here is among the highest 10% in the country. Household incomes are higher than in 89% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are long, about 32.8 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $117,840 a year. That is $57 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 243 of 291 cities from cheapest to most expensive.
How much do households earn in Wood-Ridge?
Share of households by yearly income. 54.2% of households earn $100,000 or more.
Rent by apartment size in Wood-Ridge
| Size | Wood-Ridge | U.S. average |
|---|---|---|
| Studio | $2,958 | $1,338 |
| 1 bedroom | $1,874 | $1,324 |
| 2 bedrooms | $2,128 | $1,509 |
| 3 bedrooms | $2,805 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Wood-Ridge 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 Wood-Ridge, so the New Jersey figure is shown.
Taxes and bills in Wood-Ridge
Life in Wood-Ridge
Is it cheaper to rent or buy in Wood-Ridge?
Renting is cheaper right now: about $983 a month less.
Owning assumes a typical $566,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $56,620 for the down payment.
Frequently asked questions
What is the average rent in Wood-Ridge, NJ?
Renting in Wood-Ridge costs a median of about $2,946 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Wood-Ridge?
To keep rent under 30% of income, you need about $117,840 a year, or $57 an hour at a full-time job.
Is Wood-Ridge cheap or expensive?
Wood-Ridge is rated OK: rent takes 24.1% of the typical household income of $146,792. It ranks 243rd cheapest of 291 New Jersey cities we track.
How much are property taxes in Wood-Ridge?
The median homeowner in Wood-Ridge pays $10,000+ a year in property taxes, about 1.77% of the median home value.
Is Wood-Ridge 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 Wood-Ridge?
The median home value in Wood-Ridge is $566,200, about 3.9 times the typical yearly household income.
10,218 people live in Wood-Ridge. Numbers are typical (middle) values.