Cost of Living in Closter, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
277.0
100 = national avg
+177.0 vs national average
Living Wage (1 Adult)
$121,875
per year
Living Wage (Family of 4)
$288,068
per year
Cost Index by Category
Housing355.8
Food193.3
Transportation286.6
Healthcare174.6
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,024
per month
2 Bedroom
$2,324
per month
The overall cost of living index in Closter is 277.0, which is 177.0% above the national average. Housing costs are above the national average at an index of 355.8. A single adult needs to earn approximately $121,875 per year to cover basic expenses.