Cost of Living in New Village, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
166.4
100 = national avg
+66.4 vs national average
Living Wage (1 Adult)
$73,227
per year
Living Wage (Family of 4)
$173,082
per year
Cost Index by Category
Housing200.0
Food133.1
Transportation166.1
Healthcare126.4
Utilities139.8
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 New Village is 166.4, which is 66.4% above the national average. Housing costs are above the national average at an index of 200.0. A single adult needs to earn approximately $73,227 per year to cover basic expenses.