Cost of Living in Cranbury, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
275.6
100 = national avg
+175.6 vs national average
Living Wage (1 Adult)
$121,272
per year
Living Wage (Family of 4)
$286,642
per year
Cost Index by Category
Housing285.2
Food200.0
Transportation352.7
Healthcare200.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,978
per month
2 Bedroom
$2,486
per month
The overall cost of living index in Cranbury is 275.6, which is 175.6% above the national average. Housing costs are above the national average at an index of 285.2. A single adult needs to earn approximately $121,272 per year to cover basic expenses.