Cost of Living in Mount Hermon, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
171.9
100 = national avg
+71.9 vs national average
Living Wage (1 Adult)
$75,642
per year
Living Wage (Family of 4)
$178,790
per year
Cost Index by Category
Housing283.6
Food104.5
Transportation108.9
Healthcare103.6
Utilities139.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,527
per month
2 Bedroom
$1,895
per month
The overall cost of living index in Mount Hermon is 171.9, which is 71.9% above the national average. Housing costs are above the national average at an index of 283.6. A single adult needs to earn approximately $75,642 per year to cover basic expenses.