Cost of Living in Elmwood Park, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
178.3
100 = national avg
+78.3 vs national average
Living Wage (1 Adult)
$78,438
per year
Living Wage (Family of 4)
$185,398
per year
Cost Index by Category
Housing256.4
Food127.1
Transportation129.5
Healthcare121.7
Utilities147.5
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 Elmwood Park is 178.3, which is 78.3% above the national average. Housing costs are above the national average at an index of 256.4. A single adult needs to earn approximately $78,438 per year to cover basic expenses.