
the staff of the Ridgewood blog
Ridgewood NJ, doxo, the all-in-one bill-pay app, recently released a new doxoINSIGHTS report for 2022 that, among other things, found the average household in America spends $2,003 per month on the ten most common household bills. At a high level, the average person in Ridgewood pays $3,661 per month. This is 82.8% higher than the national average.
The data, which doxoINSIGHTS has for Ridgewood as well as more than 4,000 towns and cities, breaks down bill payments into ten different categories, including utilities, auto loans, cable bills, and more. This data is particularly interesting as Americans continue to weather economic uncertainty due to the pandemic, inflation, etc.
doxoINSIGHTS has infographic information on average monthly payments (also outlined below) for the 10 most common household bill categories, state-level rankings, most common time and method of payment, and more. You can also browse similar infographics for more than 4,000 cities across the U.S., and all 50 states including New Jersey.
Average Cost of Monthly Bills in Ridgewood
Bill Type
Average Monthly Payment in Ridgewood
Mortgage
$3,719
Rent
$2,026
Auto Loans
$478
Utilities
$433
Health Insurance
$93
Auto Insurance
$226
Cable & Internet
$127
Mobile
$122
Alarm & Security
$91
Life Insurance
$118
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RICH and STUPID
Per most recent census the Average Household Size For ALL Households is 2.51 people
(It’s 3.13 for Family Households)
So, according to the article:
The average household spends $2003 per month
Ridgewood spends $9189 per month ($3661 x 2.51)
Which means that Ridgewood spends 358.77% MORE per month than the national average (not 82.8%).