Cranbury, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Cranbury stands at 114, which is 14% higher than the national average of 100. This increase is driven by higher housing costs, which are 40% above the average, and utilities, which are 20% higher.
While groceries, healthcare, and miscellaneous costs are also slightly elevated, transportation is only marginally higher. Job seekers should consider these factors when evaluating the affordability of living in Cranbury.
Cranbury, NJ, has a higher cost of living compared to the nationwide average, which is set at 100. The housing index in Cranbury stands at 140, indicating that housing costs are 40% higher than the national average. This significant increase suggests that potential residents should budget more for rent or mortgage payments.
In addition to housing, other expenses in Cranbury also exceed the national average. For instance, groceries cost 10% more, with an index of 110. Utilities are 20% higher, at 120, while healthcare costs 15% more, with an index of 115. Transportation costs are slightly higher at 5%, with an index of 105. Miscellaneous expenses are just 2% above the national average, at 102. These figures highlight the overall higher cost of living in Cranbury, NJ.
