Carlstadt, NJ, has a higher cost of living compared to the nationwide average. The average cost of living index in Carlstadt is 113, which is 13% higher than the national average of 100. This increase is largely driven by higher housing and miscellaneous costs, which are 25% and 20% above the national average, respectively.
Carlstadt, NJ, has a higher cost of living compared to the nationwide average, which is set at 100. The housing index in Carlstadt stands at 125, indicating that housing costs are 25% higher than the national average. This increase suggests that potential residents may need to budget more for rent or mortgage payments.
In addition to housing, other expenses in Carlstadt also exceed the national average. For instance, groceries cost 10% more, with an index of 110. Utilities, however, are slightly lower, with an index of 95, meaning they are 5% cheaper than the national average. Transportation costs, at 115, are 15% higher, which could impact daily commutes and travel expenses. Healthcare costs are 5% higher, with an index of 105, and miscellaneous items are 20% more expensive, with an index of 120. These figures highlight the overall higher cost of living in Carlstadt compared to the national average.
