Cost of Living in Newfoundland, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
180.4
100 = national avg
+80.4 vs national average
Living Wage (1 Adult)
$79,388
per year
Living Wage (Family of 4)
$187,645
per year
Cost Index by Category
Housing202.9
Food147.6
Transportation195.2
Healthcare138.1
Utilities149.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,024
per month
2 Bedroom
$2,324
per month
The overall cost of living index in Newfoundland is 180.4, which is 80.4% above the national average. Housing costs are above the national average at an index of 202.9. A single adult needs to earn approximately $79,388 per year to cover basic expenses.