Collingswood, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Collingswood stands at 106, which is 6% higher than the national average of 100. Housing costs are notably higher, with an index of 130, indicating a 30% increase over the national average. This suggests that potential residents should consider these elevated costs when planning their budget.
Collingswood, NJ, has a cost of living index that is notably higher than the nationwide average. Housing costs in Collingswood stand at 130, which is 30% higher than the national average. This means that housing expenses in Collingswood are significantly more expensive compared to the rest of the country. Additionally, groceries in Collingswood are priced at 105, which is 5% above the national average. This indicates that while groceries are not as expensive as housing, they still cost more than the average American household would spend.
Utilities in Collingswood are at 110, which is 10% higher than the nationwide average. This suggests that residents will spend a bit more on utilities compared to the average. Transportation costs in Collingswood are slightly lower, at 95, which is 5% below the national average. This could offer some relief for those who spend a lot on commuting. Healthcare costs are at 98, which is 2% below the national average, providing a small advantage in this category. Miscellaneous expenses in Collingswood are at 102, which is 2% higher than the national average. Overall, the cost of living in Collingswood, NJ, is higher than the national average, with housing and groceries being the most significant contributors.
