Colts Neck, NJ, stands out with its cost of living index, which is notably higher than the nationwide average. Housing costs, for instance, are 70% above average, making it a significant factor in the overall cost of living. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also exceed the national average, contributing to a lifestyle that is more expensive for residents in this area.
The cost of living in Colts Neck, NJ, significantly exceeds the nationwide average across various categories. Housing costs in Colts Neck stand at an impressive 70% higher than the average, with an index of 170 compared to 100. This means residents pay substantially more for homes or rentals, reflecting the area's desirability and limited availability.
In addition to housing, other costs in Colts Neck also surpass the national average. For groceries, the index is 20% higher, indicating that everyday food purchases are more expensive. Utilities and transportation costs are also elevated, by 10% and 15%, respectively. Healthcare, though less impacted with a 30% increase, still requires a notable budget. Miscellaneous expenses follow closely with a 25% increase. Overall, those considering a move to Colts Neck should prepare for higher living expenses across multiple sectors.
