Cost of Living in Madison Park, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
144.9
100 = national avg
+44.9 vs national average
Living Wage (1 Adult)
$63,748
per year
Living Wage (Family of 4)
$150,677
per year
Cost Index by Category
Housing201.1
Food108.4
Transportation116.8
Healthcare106.7
Utilities125.3
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 Madison Park is 144.9, which is 44.9% above the national average. Housing costs are above the national average at an index of 201.1. A single adult needs to earn approximately $63,748 per year to cover basic expenses.