Should I lift my Ford Ranger?

Been thinking about lifting my Ranger 2inchs and stepping up to 31x10.50r15 from my 29x9.50r15. But I don't know if it is worth it. I'm out of highschool and work part time. My Ranger is my daily driver and I like to take it off road every weekend.
Any input y all could give would be much appreciated.

Well a suspension, i would say 3 " would be cool. However if you have a 4 banger any large tires are going to dog it down unless you gear it for the 31 " tires. Not just do a speedo correction a full ring and pinion swap. Even if it has a V6 ( the 4.0 V6 from ford is a fairly powerful V6 ) The one thing you need to remember here is when you go taller on the tires, even 1 inch. Your going to loose bottom end power.Basically its going to be a dog from a dead stop .So if you off road a lot as you say. You may be better off keeping the stock tire size, get a leveling kit and have a more usable 4x4 on the trail. As i said the taller tire basically robs the engine of low end power cause the gear ratios are set for the tires height .Change the tires height, and you basically make the gear taller loosing some low end torque. How much torque depends on the tires height. If i were you i would just get a leveling kit, and not go over a 30 " inch tire to keep the maximum amount of power to the wheels If you not concerned about it or don't really off that much then go for it it will have more look than function especially if it a 4 cyl

Some of the later FX4/FX4 level II Rangers came with 31's stock. You'll probably need a lift with the earlier trucks though. To do this right you're going to have to regear in order to compensate for for the taller tires. Your Ranger probably has either 3.55 or 3.73 axle ratio (could also be 3.45). If you went to 4.10's that would get you close to stock, if go with 4.56's that would get you some more acceleration. Plan on spending about $600 per axle to have this done, it's not something you can do at home or without the necessary knowhow. If you don't do this, your truck will have a noticeably harder time getting moving. Performance and fuel economy will suffer.

As for the lift, a body lift will get you 2 inches easy and cheaply, but your truck's off-road prowess won't be any better. Ground clearance, suspension travel, articulation, etc. Will the same as stock. A suspension lift is much more expensive, but it actually improves the off-road performance of the vehicle.

If you want to do it right, the costs involved; $600 for regearing (4WD), A suspension lift kit will be $450-$600ish, plus around $600 labor, and a set of new tires would be around $700ish. So you're up to around $2400. And you might as well get a limited slip diff for the rear axle when you regear to save on labor and greatly improve your off-road traction. And will add another $350ish. So you're up to around $2750, which is more than the truck is worth in the first place.

Hi believe me when i tell you 2 inches is not going top make any difference.