Cost of Living in Shrewsbury, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
258.4
100 = national avg
+158.4 vs national average
Living Wage (1 Adult)
$113,694
per year
Living Wage (Family of 4)
$268,732
per year
Cost Index by Category
Housing382.7
Food160.4
Transportation220.9
Healthcare148.4
Utilities192.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,889
per month
2 Bedroom
$2,328
per month
The overall cost of living index in Shrewsbury is 258.4, which is 158.4% above the national average. Housing costs are above the national average at an index of 382.7. A single adult needs to earn approximately $113,694 per year to cover basic expenses.