What Is The Cost Of Living Increase For 2024 In Nj. Overall, a single person will need $2100 per month to live comfortably. Requires cost of living increase to be granted in each of two state fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in.

See what you’ll need to earn to keep. The cost of living in new jersey is 11% higher than the national average.