Cost of Living in Packanack Lake, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
288.2
100 = national avg
+188.2 vs national average
Living Wage (1 Adult)
$126,814
per year
Living Wage (Family of 4)
$299,742
per year
Cost Index by Category
Housing371.9
Food200.0
Transportation300.1
Healthcare180.1
Utilities200.0
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 Packanack Lake is 288.2, which is 188.2% above the national average. Housing costs are above the national average at an index of 371.9. A single adult needs to earn approximately $126,814 per year to cover basic expenses.