Cost of Living in Prospect Park, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
137.1
100 = national avg
+37.1 vs national average
Living Wage (1 Adult)
$60,334
per year
Living Wage (Family of 4)
$142,607
per year
Cost Index by Category
Housing231.2
Food87.2
Transportation74.3
Healthcare89.7
Utilities118.5
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 Prospect Park is 137.1, which is 37.1% above the national average. Housing costs are above the national average at an index of 231.2. A single adult needs to earn approximately $60,334 per year to cover basic expenses.