Cost of Living in Folsom, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
158.2
100 = national avg
+58.2 vs national average
Living Wage (1 Adult)
$69,609
per year
Living Wage (Family of 4)
$164,530
per year
Cost Index by Category
Housing170.1
Food136.3
Transportation172.5
Healthcare129.0
Utilities135.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,537
per month
2 Bedroom
$1,867
per month
The overall cost of living index in Folsom is 158.2, which is 58.2% above the national average. Housing costs are above the national average at an index of 170.1. A single adult needs to earn approximately $69,609 per year to cover basic expenses.