Cost of Living in Cedar Knolls, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
250.8
100 = national avg
+150.8 vs national average
Living Wage (1 Adult)
$110,373
per year
Living Wage (Family of 4)
$260,883
per year
Cost Index by Category
Housing322.6
Food176.9
Transportation253.9
Healthcare161.5
Utilities190.7
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 Cedar Knolls is 250.8, which is 150.8% above the national average. Housing costs are above the national average at an index of 322.6. A single adult needs to earn approximately $110,373 per year to cover basic expenses.