Living in Ramsey, New Jersey
Cost of living, income, home prices, rent and demographics of Ramsey · Census data 2020–2024
Ramsey has 14,805 residents with a median age of 41.8. The median household income is $160,996 (55% higher than the New Jersey median), the median home value is $697,300, the median rent is $2,245/month.
Ramsey at a glance
- Population
- 14,805
- Median age
- 41.8State: 40.1
- Median household income
- $160,996State: $103,556
- Median home value
- $697,300State: $454,400
- Median rent
- $2,245/moState: $1,720
- Homeowners
- 79.2%
- Bachelor's degree or higher
- 67%
- Average commute
- 32 min
Is Ramsey a good place to live?
Pros: Median household income 55% higher than the New Jersey median; unemployment of 3.2%; a poverty rate of 4.3%.
Cons: Home values 53% higher than the state median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Ramsey
Housing is the biggest part of the cost of living. In Ramsey the median home value is $697,300, 110% higher than the U.S. median. Renters pay a median of $2,245 per month, which is 32.9% of household income. Homeowners with a mortgage pay $3,929 a month in housing costs.
Ramsey median household income
The median household income in Ramsey is $160,996 and the income per person is $82,081. 4.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Ramsey: homes for sale and rent
- Housing units
- 5,455
- Owner-occupied
- 79.2%
- Renter-occupied
- 20.8%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.70
Ramsey demographics
- Population
- 14,805
- Median age
- 41.8
- Under 18
- 23.9%
- 65 and older
- 15.3%
- Households
- 5,455
- Foreign-born
- 18.1%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Ramsey ›
Education in Ramsey
67% of adults 25 and older in Ramsey have a bachelor's degree or higher (New Jersey: 43.6%), and 25.9% have a graduate or professional degree.
Jobs and commute in Ramsey
- Unemployment rate
- 3.2%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 22.6%
- Drive alone
- 65.5%
- Public transit
- 6.5%
- Walk to work
- 2.6%
- Homes with broadband
- 94.8%
Ramsey vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ramsey | 14,805 | $160,996 | $697,300 | $2,245 |
| Allendale | 6,865 | $160,162 | $782,700 | $2,590 |
| Mahwah | 25,491 | $131,327 | $606,000 | $2,204 |
| Upper Saddle River | 8,439 | $250,001 | $1,108,700 | $3,501 |
| Waldwick | 10,164 | $177,962 | $588,500 | $3,446 |
| Suffern | 11,441 | $104,607 | $382,100 | $2,091 |
| Airmont | 10,205 | $94,972 | $710,700 | $1,181 |
| Saddle River | 3,389 | $212,143 | $2,000,001 | $2,211 |
| Wyckoff | 17,050 | $203,988 | $925,700 | $2,567 |
More for people moving to Ramsey
Ramsey ZIP code ›Weather and climate ›Living in Ramsey: FAQ
What is the median household income in Ramsey, NJ?
The median household income in Ramsey is $160,996, 55% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ramsey?
The median home value in Ramsey is $697,300, compared with $454,400 in New Jersey.
How much is rent in Ramsey?
The median gross rent in Ramsey is $2,245 per month, about 32.9% of household income.
Is Ramsey, NJ a good place to live?
Pluses: median household income 55% higher than the New Jersey median; unemployment of 3.2%; a poverty rate of 4.3%. Minuses: home values 53% higher than the state median; an average commute of 32 minutes.
What is the median age in Ramsey?
The median age in Ramsey is 41.8 years (New Jersey: 40.1).
How long is the commute in Ramsey?
The average commute to work in Ramsey is 32 minutes; 22.6% of workers work from home.
What is the unemployment rate in Ramsey?
The unemployment rate in Ramsey is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ramsey?
67% of adults in Ramsey have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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