Cost of Living in Morris Plains, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
239.9
100 = national avg
+139.9 vs national average
Living Wage (1 Adult)
$105,555
per year
Living Wage (Family of 4)
$249,495
per year
Cost Index by Category
Housing323.3
Food164.4
Transportation228.7
Healthcare151.5
Utilities183.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,822
per month
2 Bedroom
$2,205
per month
The overall cost of living index in Morris Plains is 239.9, which is 139.9% above the national average. Housing costs are above the national average at an index of 323.3. A single adult needs to earn approximately $105,555 per year to cover basic expenses.