Cost of Living in Andover, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
147.4
100 = national avg
+47.4 vs national average
Living Wage (1 Adult)
$64,873
per year
Living Wage (Family of 4)
$153,337
per year
Cost Index by Category
Housing203.7
Food110.2
Transportation120.4
Healthcare108.2
Utilities126.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,822
per month
2 Bedroom
$2,205
per month
The overall cost of living index in Andover is 147.4, which is 47.4% above the national average. Housing costs are above the national average at an index of 203.7. A single adult needs to earn approximately $64,873 per year to cover basic expenses.