Cost of Living in Connecticut Farms, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
275.3
100 = national avg
+175.3 vs national average
Living Wage (1 Adult)
$121,114
per year
Living Wage (Family of 4)
$286,269
per year
Cost Index by Category
Housing307.5
Utilities162.3
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 Connecticut Farms is 275.3, which is 175.3% above the national average. Housing costs are above the national average at an index of 307.5. A single adult needs to earn approximately $121,114 per year to cover basic expenses.