Cost of Living in Medford Lakes, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
213.4
100 = national avg
+113.4 vs national average
Living Wage (1 Adult)
$93,907
per year
Living Wage (Family of 4)
$221,963
per year
Cost Index by Category
Housing248.9
Food165.6
Transportation231.1
Healthcare152.4
Utilities169.1
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 Medford Lakes is 213.4, which is 113.4% above the national average. Housing costs are above the national average at an index of 248.9. A single adult needs to earn approximately $93,907 per year to cover basic expenses.