Cost Of Living Increase 2025 Nj. Phil murphy signed a bill gradually raising the minimum wage, $15 an hour had the same purchasing power that $18.64 had in may 2025’s dollars,. People who receive monthly social security retirement and disability benefits should get an increase of 3.2% starting in january 2025.
The consumer price index for urban wage earners. Jersey city, nj area prices were up 1.6% from a year ago.