Cost of Living in Palermo, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
177.9
100 = national avg
+77.9 vs national average
Living Wage (1 Adult)
$78,260
per year
Living Wage (Family of 4)
$184,978
per year
Cost Index by Category
Housing250.5
Food124.9
Transportation149.8
Healthcare119.9
Utilities145.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,366
per month
2 Bedroom
$1,792
per month
The overall cost of living index in Palermo is 177.9, which is 77.9% above the national average. Housing costs are above the national average at an index of 250.5. A single adult needs to earn approximately $78,260 per year to cover basic expenses.