Cost of Living in Madison, NJ
Overall index: 202 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 254 | +154% | $1,574 |
| Transportation | 106 | +6% | $3.50 |
| Food | 226 | +126% | $927 |
| Utilities | 177 | +77% | $457 |
| Healthcare | 177 | +77% | $330 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Madison?
A single adult living comfortably in Madison, NJ needs approximately $70,700 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Madison, NJ?
The overall cost of living in Madison, NJ is 102% higher than the US national average (index: 202 where 100 = national average).
How much is rent in Madison, NJ?
Average rent for a 1-bedroom apartment in Madison, NJ is about $1,574/month.
Is Madison, NJ expensive to live in?
Yes, Madison, NJ is considered expensive (index above national average).
What salary do I need to live in Madison, NJ?
A single adult needs roughly $70,700/year to cover basic living costs in Madison, NJ.