Cost of Living in Lower Berkshire Valley, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
198.7
100 = national avg
+98.7 vs national average
Living Wage (1 Adult)
$87,449
per year
Living Wage (Family of 4)
$206,697
per year
Cost Index by Category
Housing290.4
Food126.4
Transportation184.9
Healthcare121.1
Utilities153.9
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 Lower Berkshire Valley is 198.7, which is 98.7% above the national average. Housing costs are above the national average at an index of 290.4. A single adult needs to earn approximately $87,449 per year to cover basic expenses.