Asbury Park, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Asbury Park stands at 118, which is 18% higher than the national average of 100. This increase is driven by higher housing costs, which are 30% above the national average, and healthcare expenses, which are 20% higher.
Job seekers should consider these factors when planning their budget. The higher housing and healthcare costs can significantly impact living expenses, making it essential to evaluate these aspects carefully.
Asbury Park, New Jersey, shows a higher cost of living compared to the nationwide average, which is set at 100. Housing costs are notably higher, with an index of 130. This means housing expenses in Asbury Park are 30% more than the national average. For job seekers, this could mean budgeting more for rent or mortgage payments.
Other expenses also reflect higher costs in Asbury Park. Groceries have an index of 115, indicating a 15% increase over the national average. Utilities are 10% higher, with an index of 110. Transportation costs are 5% higher, at 105. Healthcare costs are 20% higher, with an index of 120. Miscellaneous expenses are 25% higher, with an index of 125. These figures highlight the need for careful financial planning for those considering relocating to Asbury Park.
