Englewood, NJ vs Ringwood, NJ

Englewood, NJ and Ringwood, NJ have a very similar cost of living, with only a 3.6% difference in their overall index. Englewood scores 139 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 Englewood is $1,925/month compared to $1,934/month in Ringwood — a 1% difference. Interestingly, home values tell a different story: while Englewood has cheaper rent, Ringwood actually has lower median home values ($434,800 vs $497,500).

Median household income in Englewood is $101,398 compared to $142,529 in Ringwood (-28.9%). Ringwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Englewood spend roughly 22.8% of their income on rent, more than the 16.3% in Ringwood.