Cost of Living in Erma, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
151.1
100 = national avg
+51.1 vs national average
Living Wage (1 Adult)
$66,494
per year
Living Wage (Family of 4)
$157,168
per year
Cost Index by Category
Housing186.2
Food121.6
Transportation143.2
Healthcare117.3
Utilities130.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,366
per month
2 Bedroom
$1,792
per month
The overall cost of living index in Erma is 151.1, which is 51.1% above the national average. Housing costs are above the national average at an index of 186.2. A single adult needs to earn approximately $66,494 per year to cover basic expenses.