Cost of Living in Monmouth Junction, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
198.1
100 = national avg
+98.1 vs national average
Living Wage (1 Adult)
$87,182
per year
Living Wage (Family of 4)
$206,066
per year
Cost Index by Category
Housing254.1
Food146.2
Transportation192.4
Healthcare137.0
Utilities158.5
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 Monmouth Junction is 198.1, which is 98.1% above the national average. Housing costs are above the national average at an index of 254.1. A single adult needs to earn approximately $87,182 per year to cover basic expenses.