The cost of living index in Bordentown, NJ, stands at 110, indicating that it is 10% higher than the nationwide average, which is set at 100. This suggests that residents of Bordentown generally spend more on goods and services compared to the national average. Specifically, housing costs are particularly elevated, with an index of 128, showing a 28% increase over the national average.
This higher cost of living could be a significant factor for job seekers considering opportunities in Bordentown. Understanding these percentages helps individuals assess potential changes in their budget and lifestyle choices when relocating to this area.
The cost of living index in Bordentown, NJ, reveals a higher cost in several areas compared to the nationwide average. The housing index stands at 128, which is 28% higher than the average of 100. This means housing costs in Bordentown are significantly more expensive than in many other parts of the country. Similarly, groceries in Bordentown cost 12% more than the national average, with an index of 112. This increase could affect daily expenses for families and individuals.
Utilities in Bordentown have an index of 104, showing a modest 4% increase over the national average. Transportation costs also show a slight rise, with an index of 108, meaning they are 8% higher than the national average. Healthcare costs, however, are slightly lower in Bordentown, with an index of 95, reflecting a 5% decrease. Miscellaneous costs stand at 110, indicating an additional 10% cost compared to the national average. Together, these factors highlight that while some expenses in Bordentown are higher, others are lower or just slightly above the national average.
