Cost of Living in Watchung, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
262.4
100 = national avg
+162.4 vs national average
Living Wage (1 Adult)
$115,452
per year
Living Wage (Family of 4)
$272,886
per year
Cost Index by Category
Housing353.0
Food177.3
Transportation254.6
Healthcare161.8
Utilities197.0
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 Watchung is 262.4, which is 162.4% above the national average. Housing costs are above the national average at an index of 353.0. A single adult needs to earn approximately $115,452 per year to cover basic expenses.