The cost of living index in Bound Brook, NJ, shows a higher expense compared to the nationwide average, which is set at 100. Housing costs in Bound Brook are 35% higher, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are 10% to 25% above the national average. This indicates that residents in Bound Brook face elevated living expenses across various categories.
The cost of living in Bound Brook, NJ, shows some significant differences when compared to the nationwide average. Housing costs are notably higher, with an index of 135. This means housing expenses in Bound Brook are 35% higher than the national average. For those considering a move, this increase could impact overall budget planning.
Other expenses also reflect higher costs in Bound Brook. For instance, groceries have an index of 110, indicating a 10% increase over the national average. Utilities, with an index of 105, are 5% higher. Transportation costs are 15% above the average, with an index of 115. Healthcare costs are 20% higher, at an index of 120. Miscellaneous expenses, with an index of 125, show a 25% increase. These figures highlight the need for careful financial planning for anyone relocating to Bound Brook.
