Cost of Living in Montvale, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
257.5
100 = national avg
+157.5 vs national average
Living Wage (1 Adult)
$113,311
per year
Living Wage (Family of 4)
$267,825
per year
Cost Index by Category
Housing308.3
Food190.4
Transportation280.8
Healthcare172.3
Utilities195.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,024
per month
2 Bedroom
$2,324
per month
The overall cost of living index in Montvale is 257.5, which is 157.5% above the national average. Housing costs are above the national average at an index of 308.3. A single adult needs to earn approximately $113,311 per year to cover basic expenses.