Cost of Living in Richwood, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
292.3
100 = national avg
+192.3 vs national average
Living Wage (1 Adult)
$128,625
per year
Living Wage (Family of 4)
$304,022
per year
Cost Index by Category
Housing368.3
Food200.0
Transportation315.9
Healthcare186.4
Utilities200.0
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 Richwood is 292.3, which is 192.3% above the national average. Housing costs are above the national average at an index of 368.3. A single adult needs to earn approximately $128,625 per year to cover basic expenses.