Cost of Living in Elizabeth, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
141.5
100 = national avg
+41.5 vs national average
Living Wage (1 Adult)
$62,251
per year
Living Wage (Family of 4)
$147,139
per year
Cost Index by Category
Housing210.8
Food98.8
Transportation108.0
Healthcare99.1
Utilities121.4
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 Elizabeth is 141.5, which is 41.5% above the national average. Housing costs are above the national average at an index of 210.8. A single adult needs to earn approximately $62,251 per year to cover basic expenses.