Cost of Living in Lake Hiawatha, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
160.1
100 = national avg
+60.1 vs national average
Living Wage (1 Adult)
$70,446
per year
Living Wage (Family of 4)
$166,509
per year
Cost Index by Category
Housing196.1
Food127.6
Transportation155.2
Healthcare122.1
Utilities135.8
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 Lake Hiawatha is 160.1, which is 60.1% above the national average. Housing costs are above the national average at an index of 196.1. A single adult needs to earn approximately $70,446 per year to cover basic expenses.