Cost of Living in Olivet, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
190.8
100 = national avg
+90.8 vs national average
Living Wage (1 Adult)
$83,960
per year
Living Wage (Family of 4)
$198,451
per year
Cost Index by Category
Housing241.1
Food143.4
Transportation186.8
Healthcare134.7
Utilities154.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,520
per month
2 Bedroom
$1,810
per month
The overall cost of living index in Olivet is 190.8, which is 90.8% above the national average. Housing costs are above the national average at an index of 241.1. A single adult needs to earn approximately $83,960 per year to cover basic expenses.