Cost of Living in Wood-Ridge, NJ
Population 10,094 · New Jersey · Data vintage 2023
(100 = US avg)
Wood-Ridge sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 6 miles southeast of Paterson, Wood-Ridge falls within that metro's commuting orbit. Median home values run roughly 59% higher than Paterson's $335,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Wood-Ridge
The median home value in Wood-Ridge is $532,900 — 75% above the national median of $305,000. Median rent runs $1,886/month, 44% higher than the national median of $1,314/month. The median household income of $131,412/year is 76% higher than the US median of $74,580. The local unemployment rate is 4.7%, below the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 64.0°F and lows of 46.7°F. Overall, Wood-Ridge has a cost of living index of 162 versus the US average of 100, meaning it is 62% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 43 | 51 | 63 | 73 | 82 | 87 | 85 | 78 | 67 | 56 | 45 |
| Low °F | 26 | 27 | 34 | 44 | 53 | 63 | 69 | 67 | 60 | 48 | 38 | 31 |
| Precip" | 3.28 | 2.82 | 4.09 | 3.97 | 3.94 | 4.25 | 4.45 | 4.25 | 4.11 | 3.73 | 3.30 | 4.10 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Wood-Ridge, NJ?
Wood-Ridge has a cost index of 162 (100 = national average). It is 62% above the national average.
What is average rent in Wood-Ridge, NJ?
The median gross rent in Wood-Ridge is $1,886 per month based on 2023 Census data.
What is the average home price in Wood-Ridge?
The median home value in Wood-Ridge is $532,900 according to Zillow and Census data.
What is the median income in Wood-Ridge?
The median household income in Wood-Ridge is $131,412 per year (2023 ACS 5-year estimates).
What is the sales tax in Wood-Ridge, NJ?
The combined state and local sales tax rate in Wood-Ridge is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Wood-Ridge, NJ affordable?
Wood-Ridge is above average in cost of living, with an index of 162 — about 62% higher than the national average.
What is the weather like in Wood-Ridge?
Wood-Ridge has average high temperatures of 64.0°F and average lows of 46.7°F. Annual precipitation is 46.3". Data from NOAA 1991–2020 Climate Normals.
Wood-Ridge at a Glance
- Population
- 10,094
- Median Income
- $131,412
- Home Value
- $532,900
- Median Rent
- $1,886/mo
- Unemployment
- 4.7%
- Avg High Temp
- 64.0°F
- Sales Tax
- 6.6%
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New Jersey Rankings
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