The cost of living index in Colts Neck, NJ, significantly exceeds the nationwide average. Housing costs are 50% higher, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are also above the national average, ranging from 10% to 30% higher. Job seekers should consider these elevated costs when evaluating opportunities in the area.
The cost of living in Colts Neck, New Jersey, is notably higher than the nationwide average. Housing costs in Colts Neck stand at 150, which is 50% higher than the average. This means that housing expenses are significantly more expensive compared to the rest of the country. For job seekers, this could mean higher rental or mortgage payments, which is a crucial factor to consider when planning a move.
Additionally, groceries in Colts Neck are priced at 110, which is 10% above the average. This increase can add up over time, making everyday food purchases more costly. Utilities, at 105, are 5% higher than the national average, and transportation costs, at 120, are 20% higher. Healthcare costs in Colts Neck, at 115, are 15% above the average, which could impact long-term health planning. Miscellaneous expenses, at 130, are 30% higher than the average, indicating that various other costs are also elevated. These factors combined show that living in Colts Neck involves higher expenses across multiple categories.
