Cost of Living in Garwood, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
175.5
100 = national avg
+75.5 vs national average
Living Wage (1 Adult)
$77,224
per year
Living Wage (Family of 4)
$182,529
per year
Cost Index by Category
Housing238.8
Food127.2
Transportation154.3
Healthcare121.7
Utilities144.0
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 Garwood is 175.5, which is 75.5% above the national average. Housing costs are above the national average at an index of 238.8. A single adult needs to earn approximately $77,224 per year to cover basic expenses.