The cost of living index in Boonton, NJ, shows that housing is 45% higher than the nationwide average. This means housing costs significantly more in Boonton compared to the national average of 100. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses are also above average, ranging from 10% to 30% higher. These figures highlight that residents of Boonton face higher expenses across various living aspects.
The cost of living in Boonton, NJ, shows significant differences compared to the nationwide average, which is set at 100. Housing costs in Boonton stand at 145, meaning residents pay 45% more than the average American. This higher expense is a key factor for people considering moving to the area for a job or other reasons.
Other essential costs also exceed the national average. Groceries cost 10% more, with an index of 110. Utilities are at 105, reflecting a 5% increase, while transportation costs are 20% higher at 120. Healthcare, often a major expense, is 15% above the average with an index of 115. Miscellaneous expenses, which can include entertainment and personal care, are also 30% higher at 130. These figures highlight that living in Boonton involves higher costs in many areas.
