Cost of Living in Mount Royal, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
274.8
100 = national avg
+174.8 vs national average
Living Wage (1 Adult)
$120,899
per year
Living Wage (Family of 4)
$285,761
per year
Cost Index by Category
Housing307.0
Utilities162.1
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 Mount Royal is 274.8, which is 174.8% above the national average. Housing costs are above the national average at an index of 307.0. A single adult needs to earn approximately $120,899 per year to cover basic expenses.