Denville, NJ, shows a higher cost of living compared to the nationwide average. Housing costs are 28% higher, making it more expensive for residents. Groceries, utilities, and transportation also exceed the national average, with groceries at 10%, utilities at 4%, and transportation at 12% higher. This means Denville residents face increased expenses in several key areas.
When comparing the cost of living in Denville, New Jersey, to the nationwide average, it becomes evident that housing stands out as the most significant factor. The housing index in Denville is 28% higher than the national average of 100. This means that renters and homeowners in Denville can expect to spend significantly more on living spaces, from mortgage payments to rent and utilities. The substantial increase in housing costs may influence overall living expenses for those residing in this area.
In other categories, Denville also shows higher costs compared to the national average. Groceries are 10% more expensive, utilities are 4% higher, and transportation costs are 12% more. Healthcare and miscellaneous expenses are relatively closer to the national average, with healthcare at 5% lower and miscellaneous expenses at 15% higher. These variations indicate that while Denville offers certain benefits, potential residents should be prepared for increased spending in several key areas.
