Cost of Living in Hoboken, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
262.5
100 = national avg
+162.5 vs national average
Living Wage (1 Adult)
$115,509
per year
Living Wage (Family of 4)
$273,021
per year
Cost Index by Category
Housing374.7
Food185.2
Transportation174.7
Healthcare168.2
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,458
per month
2 Bedroom
$2,763
per month
The overall cost of living index in Hoboken is 262.5, which is 162.5% above the national average. Housing costs are above the national average at an index of 374.7. A single adult needs to earn approximately $115,509 per year to cover basic expenses.