Cost of Living in New Providence, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
238.4
100 = national avg
+138.4 vs national average
Living Wage (1 Adult)
$104,894
per year
Living Wage (Family of 4)
$247,930
per year
Cost Index by Category
Housing294.9
Food174.5
Transportation249.0
Healthcare159.6
Utilities183.7
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 New Providence is 238.4, which is 138.4% above the national average. Housing costs are above the national average at an index of 294.9. A single adult needs to earn approximately $104,894 per year to cover basic expenses.