Cresskill, NJ, features a higher cost of living compared to the nationwide average, with the index standing at 125%. Specifically, housing costs in Cresskill are 75% higher than the national average, making it a significant factor in the overall index. The other categories such as groceries, utilities, transportation, healthcare, and miscellaneous items are also above average but contribute to the overall cost of living being moderately higher.
Cresskill, NJ, shows a higher cost of living compared to the nationwide average in multiple key areas. Specifically, housing costs are significantly elevated, standing at 75% above the national average. This means that individuals in Cresskill need to budget for housing expenses that are nearly twice as high as those in the average U.S. city. Additionally, grocery prices in Cresskill are 20% higher than the national average. This increase can add up over time, impacting the monthly grocery budget substantially.
Other living expenses in Cresskill also reflect higher costs. Utilities and healthcare are each about 10% to 15% above the national average. Transportation costs are slightly above the average, at 5%, while miscellaneous expenses, such as entertainment and personal care, are 30% higher than the nationwide norm. These figures highlight that while Cresskill offers a high quality of life, it comes with a higher financial commitment compared to living in an average U.S. city.
