Bloomfield, NJ, has a higher cost of living than the nationwide average in several areas. Housing costs are 20% above the national average, while groceries are 5% higher. Utilities, transportation, healthcare, and miscellaneous expenses also surpass the national average, showing an overall increase of more than 10%.
These elevated costs reflect higher living expenses for residents in Bloomfield. For job seekers considering a move, understanding these percentages can help with budget planning and lifestyle adjustments.
Bloomfield, NJ, exhibits a cost of living index that is notably higher than the nationwide average. The housing index in Bloomfield stands at 120, indicating that housing costs are 20% above the national average. This suggests that residents may face higher housing expenses, making it an important factor for job seekers to consider when evaluating overall living costs in the area.
Additionally, other living expenses in Bloomfield also exceed the national average. For example, the utilities index is at 110, meaning utility costs are 10% higher than the average. Transportation costs mirror this trend, with an index of 115, representing a 15% increase over the national average. These factors highlight the higher living expenses that prospective residents might encounter, which is crucial for individuals planning to relocate to Bloomfield, NJ.
