Bound Brook, NJ, shows a higher cost of living compared to the nationwide average of 100. Housing prices are 20% above the average, while groceries are 5% higher. Utilities, transportation, and miscellaneous costs also exceed the national average by 10%, 15%, and 2%, respectively.
Healthcare costs in Bound Brook, NJ, align with the national average. However, the overall cost of living remains notably higher than the average, influenced by the elevated expenses in key areas like housing and transportation.
The cost of living in Bound Brook, New Jersey, stands somewhat higher than the nationwide average, which is set at 100. Housing costs, in particular, exceed the national average by a significant margin, with an index of 120. This means residents can expect to pay 20% more for housing compared to the average American. While this might pose a challenge, Bound Brook offers a relatively attractive option in other areas.
For example, groceries in Bound Brook have a cost of living index of 105, only 5% above the national average. Utilities, another essential expense, are 10% higher, with an index of 110. Transportation costs are slightly higher as well, with an index of 115, reflecting a 15% increase. Healthcare costs, however, remain on par with the national average, showing an index of 100. Miscellaneous expenses also show a modest increase, with an index of 102, meaning a 2% rise. Overall, while some costs in Bound Brook are above average, the increases are not overwhelming, making it a balanced choice for potential residents.
