The cost of living in Bound Brook, NJ, exceeds the nationwide average in several key areas. Housing costs are 20% higher, while groceries and transportation are 10% and 15% higher, respectively. Utilities and miscellaneous expenses are slightly above average, at 5% and 8% higher. Healthcare costs remain on par with the national average.
The cost of living in Bound Brook, NJ, shows some differences when compared to the nationwide average. The housing index in Bound Brook stands at 120, which means housing costs 20% more than the national average. This higher cost can be a significant factor for those considering a move to the area.
Other expenses also reflect this trend. Groceries in Bound Brook cost 10% more than the national average, with an index of 110. Utilities are slightly higher, at 105, which means they cost 5% more. Transportation costs are also elevated, with an index of 115, indicating a 15% increase. Healthcare costs, however, match the national average, with an index of 100. Miscellaneous expenses are 8% higher, with an index of 108. These figures highlight the overall higher cost of living in Bound Brook compared to the national average.