Cost of Living in Somerville, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
168.8
100 = national avg
+68.8 vs national average
Living Wage (1 Adult)
$74,292
per year
Living Wage (Family of 4)
$175,599
per year
Cost Index by Category
Housing230.3
Food129.4
Transportation121.9
Healthcare123.5
Utilities143.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,978
per month
2 Bedroom
$2,486
per month
The overall cost of living index in Somerville is 168.8, which is 68.8% above the national average. Housing costs are above the national average at an index of 230.3. A single adult needs to earn approximately $74,292 per year to cover basic expenses.