Cost of Living in Florham Park, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
240.5
100 = national avg
+140.5 vs national average
Living Wage (1 Adult)
$105,808
per year
Living Wage (Family of 4)
$250,092
per year
Cost Index by Category
Housing362.2
Food162.9
Transportation142.2
Healthcare150.3
Utilities190.2
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 Florham Park is 240.5, which is 140.5% above the national average. Housing costs are above the national average at an index of 362.2. A single adult needs to earn approximately $105,808 per year to cover basic expenses.