The cost of living in Colts Neck, NJ, significantly exceeds the nationwide average. Housing costs are 50% higher, while groceries, utilities, healthcare, and miscellaneous expenses are also above average, ranging from 10% to 30% higher. Transportation costs remain slightly above the national average at 5%.
Overall, the cost of living in Colts Neck is notably higher than the national average, with housing being the most affected category.
The cost of living in Colts Neck, New Jersey, is notably higher than the nationwide average, which is set at 100. Housing costs are particularly significant, with an index of 150. This means that housing expenses in Colts Neck are 50% higher than the national average. For job seekers considering the area, this could mean a substantial portion of their income would go towards housing.
Other expenses also exceed the national average. Groceries have a cost of living index of 110, indicating that they are 10% more expensive than in other parts of the country. Utilities, with an index of 120, are 20% higher. Transportation costs are slightly higher than average, at 105, which is a 5% increase. Healthcare costs are also elevated, with an index of 130, meaning they are 30% more expensive. Miscellaneous expenses, with an index of 115, are 15% higher than the national average. These figures highlight the higher financial demands that living in Colts Neck entails compared to the rest of the nation.
