Asbury Park, NJ, has a higher cost of living compared to the nationwide average. The city's overall cost of living index stands at 121, which is 21% higher than the average of 100. Housing prices in Asbury Park contribute significantly to this increase, with an index value of 138.
This higher cost of living affects various sectors, including groceries, utilities, transportation, healthcare, and miscellaneous expenses. While the index values for these categories are close to the average, they collectively push the total cost of living above the national norm. Understanding these figures can help job seekers make informed decisions about relocating to Asbury Park, NJ.
Job seekers considering Asbury Park, NJ, may find the cost of living higher than the national average. The city’s housing index stands at 138, which is 38% higher than the nationwide average of 100. People planning to move here should budget for higher housing expenses.
Asbury Park also shows a higher cost in other areas. For example, groceries cost 110, reflecting an 11% increase. Utilities are at 115, showing a 15% increase. While transportation stands at 105, it only shows a slight 5% increase. Healthcare, however, has a cost of 120, marking a 20% rise. Miscellaneous costs are at 112, which means a 12% increase. These figures indicate that residents may face higher expenses in many key areas compared to the national average.
