Cranbury, NJ, shows a higher cost of living compared to the nationwide average. The overall cost of living index in Cranbury stands at 111, indicating that residents experience expenses about 11% more than the national average of 100. This increase primarily stems from elevated housing costs, which are 35% higher than the national average.
Specifically, the housing index in Cranbury is 135, suggesting that housing expenses alone are significantly above the national standard. While other categories like groceries and healthcare also exceed the average, utilities and transportation costs remain relatively close to the national benchmark.
The cost of living index in Cranbury, NJ, reveals some notable differences compared to the nationwide average, which is set at 100. Housing costs stand out with an index of 135, suggesting that homes and rents in Cranbury are 35% more expensive than the national average. This increase could significantly impact potential residents’ budgets, making it important to consider these figures when planning a move.
Other areas in Cranbury also show variations in cost. Groceries have an index of 110, meaning that food expenses are 10% higher than the average. Utilities cost 105, which is 5% more than the nationwide figure. Transportation costs are slightly lower, at 95, so residents can expect to pay 5% less for commuting and daily transport. Healthcare costs are 115, which means they are 15% higher, potentially affecting those with health-related expenses. Miscellaneous costs match the national average at 100, indicating no change in this category. These indices provide valuable insights for anyone considering Cranbury for work or residence.
