Cost of Living in Magnolia, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
134.7
100 = national avg
+34.7 vs national average
Living Wage (1 Adult)
$59,277
per year
Living Wage (Family of 4)
$140,110
per year
Cost Index by Category
Housing149.6
Food118.4
Transportation136.8
Healthcare114.7
Utilities121.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,520
per month
2 Bedroom
$1,810
per month
The overall cost of living index in Magnolia is 134.7, which is 34.7% above the national average. Housing costs are above the national average at an index of 149.6. A single adult needs to earn approximately $59,277 per year to cover basic expenses.