Cost of Living in Oakland, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
217.9
100 = national avg
+117.9 vs national average
Living Wage (1 Adult)
$95,856
per year
Living Wage (Family of 4)
$226,569
per year
Cost Index by Category
Housing239.4
Food174.5
Transportation249.0
Healthcare159.6
Utilities172.6
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 Oakland is 217.9, which is 117.9% above the national average. Housing costs are above the national average at an index of 239.4. A single adult needs to earn approximately $95,856 per year to cover basic expenses.