Cost of Living in Mountain Lakes, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
321.1
100 = national avg
+221.1 vs national average
Living Wage (1 Adult)
$141,265
per year
Living Wage (Family of 4)
$333,899
per year
Cost Index by Category
Housing389.7
Food200.0
Transportation382.2
Healthcare200.0
Utilities200.0
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 Mountain Lakes is 321.1, which is 221.1% above the national average. Housing costs are above the national average at an index of 389.7. A single adult needs to earn approximately $141,265 per year to cover basic expenses.