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 120, which is 20% higher than the national average of 100. This increase is driven by higher housing costs, which are 40% above the national average, and utilities, which are 20% higher.
While other categories like groceries, transportation, and miscellaneous expenses also exceed the national average, healthcare costs remain relatively close to the national benchmark. Job seekers should consider these factors when evaluating living expenses in Asbury Park.
The cost of living in Asbury Park, NJ, stands higher than the nationwide average, which is set at 100. Housing costs in Asbury Park are notably 40% higher than the average, with an index of 140. This means that residents will spend significantly more on rent or mortgage payments compared to the national average. Additionally, groceries in Asbury Park cost 10% more than the average, with an index of 110, indicating that everyday food expenses will be higher.
Utilities in Asbury Park also exceed the national average, with a cost index of 120, representing a 20% increase. Transportation costs are 15% higher, with an index of 115, suggesting that commuting and other travel-related expenses will be more substantial. Healthcare costs are slightly below the average, with an index of 105, meaning residents might find some relief in medical expenses. Miscellaneous costs, with an index of 130, are 30% higher than the average, showing that other expenses like entertainment, clothing, and personal care will also be more expensive.
