Cost of Living in Farmingdale, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
159.1
100 = national avg
+59.1 vs national average
Living Wage (1 Adult)
$70,002
per year
Living Wage (Family of 4)
$165,460
per year
Cost Index by Category
Housing200.6
Food124.6
Transportation149.2
Healthcare119.7
Utilities134.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,889
per month
2 Bedroom
$2,328
per month
The overall cost of living index in Farmingdale is 159.1, which is 59.1% above the national average. Housing costs are above the national average at an index of 200.6. A single adult needs to earn approximately $70,002 per year to cover basic expenses.