Ridgewood is the #4 most expensive city in New Jersey for household bills

the staff of the Ridgewood blog

Ridgewood NJ, doxo’s recently released report (2023 U.S. Bill Pay Market Size & Category Breakout Report) reveals that Americans spend a total of $3.87 trillion annually on household bills. The report also found that, the average American household spends approximately $2,046 a month, or $24,557 per year on the ten most essential household bills.

In addition to the national insights above and in the report, doxo also has new 2023 household spend information for Ridgewood, including the following:

• The average Ridgewood household pays $3,716 a month, or $44,586 a year for the 10 most common household bills.
• Ridgewood households spend 25% of their income on household bills.
• The household expenses in Ridgewood, on average, are 44.9% higher than the national average of $2,046, and 26.6% higher than the state average of $2,727.
• Ridgewood is the #4 most expensive city in New Jersey for household bills.

The data, which doxo has for Ridgewood as well as 4000 cities across the United States, looks at total amount spent on bills per month, and also breaks down bill payments into ten different categories, including utilities, auto loans, cable bills, and more.