Cinnaminson, NJ, has a higher cost of living compared to the nationwide average. The cost of living index stands at 107, meaning expenses are about 7% higher on average. Housing costs are notably elevated, with an index of 120, indicating a 20% increase over the national average. Groceries also show a modest 5% rise, while utilities are 10% above the average. Transportation remains slightly lower at 95, reflecting a 5% decrease. Healthcare costs match the national average at 100. Miscellaneous expenses are just 2% higher than the average, with an index of 102.
The cost of living index in Cinnaminson, NJ, shows some notable differences compared to the nationwide average, which is set at 100. Housing costs in Cinnaminson are 20% higher than the national average, with an index of 120. This means that the cost for renting or buying a home in Cinnaminson is more expensive than the average cost in other parts of the country.
Other areas also reflect higher costs. For instance, groceries are about 5% more expensive with an index of 105. This implies that everyday food purchases may cost a bit more here. Utilities, like electricity and gas, are 10% above the national average at 110, indicating higher expenses for these essential services. Transportation costs, however, are slightly lower, standing at 95, which means they are 5% cheaper than the average. Healthcare and miscellaneous costs are relatively close to the national average at 100 and 102, respectively, suggesting only minor differences in these areas.
