Cost of Living in Palmyra, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
140.9
100 = national avg
+40.9 vs national average
Living Wage (1 Adult)
$62,018
per year
Living Wage (Family of 4)
$146,587
per year
Cost Index by Category
Housing174.6
Food115.0
Transportation130.0
Healthcare112.0
Utilities123.9
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 Palmyra is 140.9, which is 40.9% above the national average. Housing costs are above the national average at an index of 174.6. A single adult needs to earn approximately $62,018 per year to cover basic expenses.