Cost of Living in Paramus, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
235.1
100 = national avg
+135.1 vs national average
Living Wage (1 Adult)
$103,433
per year
Living Wage (Family of 4)
$244,477
per year
Cost Index by Category
Housing354.1
Food156.8
Transportation150.3
Healthcare145.4
Utilities184.9
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 Paramus is 235.1, which is 135.1% above the national average. Housing costs are above the national average at an index of 354.1. A single adult needs to earn approximately $103,433 per year to cover basic expenses.