Cost of Living in Upper Montclair, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
309.8
100 = national avg
+209.8 vs national average
Living Wage (1 Adult)
$136,316
per year
Living Wage (Family of 4)
$322,202
per year
Cost Index by Category
Housing357.6
Food200.0
Transportation382.2
Healthcare200.0
Utilities200.0
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 Upper Montclair is 309.8, which is 209.8% above the national average. Housing costs are above the national average at an index of 357.6. A single adult needs to earn approximately $136,316 per year to cover basic expenses.