Bergenfield, NJ vs Ringwood, NJ

Bergenfield, NJ and Ringwood, NJ have a very similar cost of living, with only a 2.2% difference in their overall index. Bergenfield scores 131 while Ringwood scores 134 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Bergenfield is $1,744/month compared to $1,934/month in Ringwood — a 10% difference. Interestingly, home values tell a different story: while Bergenfield has cheaper rent, Ringwood actually has lower median home values ($434,800 vs $469,200).

Median household income in Bergenfield is $124,083 compared to $142,529 in Ringwood (-12.9%). While Ringwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bergenfield spend roughly 16.9% of their income on rent, more than the 16.3% in Ringwood.