Cost of Living in Fanwood, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
239.7
100 = national avg
+139.7 vs national average
Living Wage (1 Adult)
$105,471
per year
Living Wage (Family of 4)
$249,295
per year
Cost Index by Category
Housing303.5
Food185.0
Transportation195.1
Healthcare168.0
Utilities191.7
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 Fanwood is 239.7, which is 139.7% above the national average. Housing costs are above the national average at an index of 303.5. A single adult needs to earn approximately $105,471 per year to cover basic expenses.