Garfield, NJ vs Ringwood, NJ

Garfield is moderately more affordable than Ringwood, with a 6.1% lower cost of living index. Garfield scores 126 compared to 134 for Ringwood, where the US average is 100. This difference means residents of Ringwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Garfield is $1,612/month compared to $1,934/month in Ringwood — a 17% difference. Interestingly, home values tell a different story: while Garfield has cheaper rent, Ringwood actually has lower median home values ($434,800 vs $454,300).

Median household income in Garfield is $75,701 compared to $142,529 in Ringwood (-46.9%). 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 Garfield spend roughly 25.6% of their income on rent, more than the 16.3% in Ringwood.