Edgewater, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Edgewater stands at 122, which is 22% above the national average of 100. This increase is largely driven by higher housing costs, which are 45% higher than the national average. Other categories like groceries, utilities, and healthcare also show elevated costs, making Edgewater a more expensive place to live.
Edgewater, NJ, has a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Edgewater are notably higher, with an index of 145. This means housing expenses are 45% more than the average. People moving to Edgewater should expect to spend significantly more on rent or mortgage payments.
Other areas also show higher costs. For groceries, the index is 110, meaning prices are 10% higher than the national average. Utilities cost 15% more, with an index of 115. Transportation costs are slightly above average at 105, which is a 5% increase. Healthcare costs are 20% higher, with an index of 120. Miscellaneous expenses, such as entertainment and personal care, are 30% higher, with an index of 130. Overall, job seekers need to consider these higher costs when planning their move to Edgewater, NJ.
