Cost of Living in Chatham, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
307.6
100 = national avg
+207.6 vs national average
Living Wage (1 Adult)
$135,331
per year
Living Wage (Family of 4)
$319,874
per year
Cost Index by Category
Housing351.2
Food200.0
Transportation382.2
Healthcare200.0
Utilities200.0
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 Chatham is 307.6, which is 207.6% above the national average. Housing costs are above the national average at an index of 351.2. A single adult needs to earn approximately $135,331 per year to cover basic expenses.