Cost of Living in Franklin Park, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
174.2
100 = national avg
+74.2 vs national average
Living Wage (1 Adult)
$76,655
per year
Living Wage (Family of 4)
$181,183
per year
Cost Index by Category
Housing215.8
Food135.2
Transportation170.5
Healthcare128.2
Utilities144.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,978
per month
2 Bedroom
$2,486
per month
The overall cost of living index in Franklin Park is 174.2, which is 74.2% above the national average. Housing costs are above the national average at an index of 215.8. A single adult needs to earn approximately $76,655 per year to cover basic expenses.