Cost of Living in Stanhope, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
188.4
100 = national avg
+88.4 vs national average
Living Wage (1 Adult)
$82,877
per year
Living Wage (Family of 4)
$195,891
per year
Cost Index by Category
Housing211.6
Food152.9
Transportation205.7
Healthcare142.3
Utilities154.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,822
per month
2 Bedroom
$2,205
per month
The overall cost of living index in Stanhope is 188.4, which is 88.4% above the national average. Housing costs are above the national average at an index of 211.6. A single adult needs to earn approximately $82,877 per year to cover basic expenses.