Cranbury, NJ, has a higher cost of living compared to the nationwide average. The cost of living index in Cranbury stands at 120, which is 20% higher than the national average of 100. Housing costs are particularly elevated, with an index of 145, indicating a significant premium for residents. Groceries, utilities, transportation, healthcare, and miscellaneous items also exceed the national average, though not as dramatically.
Cranbury, New Jersey, has a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Cranbury are notably higher, with an index of 145. This means housing expenses are 45% higher than the national average. For job seekers considering Cranbury, this could significantly impact their budget if they are relocating.
Other areas also show increased costs. For example, groceries have an index of 107, which is 7% higher than the average. Utilities are at 110, meaning they are 10% more expensive. Transportation costs are 15% higher, with an index of 115. Healthcare costs are 20% higher, with an index of 120. Miscellaneous expenses are slightly lower, at 105, which is a 5% increase. These figures highlight that while Cranbury offers certain benefits, potential residents should prepare for higher living expenses in several key areas.
