Gibbstown, NJ, shows a cost of living slightly below the nationwide average. The overall cost of living index stands at 99, reflecting a modest 1% reduction in expenses compared to the national benchmark of 100. This balance across various categories like housing and transportation helps maintain affordability.
Specifically, Gibbstown’s housing costs 5% less than the national average, while groceries are 5% more expensive. Utilities and transportation also hover around the national average, with utilities at 2% less and transportation at 3% less. Healthcare, however, is 10% higher than the national average, which may affect overall living expenses. Despite these slight variances, Gibbstown remains a cost-effective choice for many residents.
Gibbstown, NJ, presents a cost of living that varies slightly from the nationwide average, offering a nuanced view for those considering a move. Housing costs in Gibbstown are at 95, indicating that expenses for rent or homeownership are 5% lower than the national average. This might be a significant advantage for those looking to manage housing costs efficiently. Additionally, utilities such as electricity, gas, water, and trash services are at 98, meaning they are only 2% above the national average. This slight increase might not greatly impact overall living expenses.
When considering groceries, Gibbstown stands at 105, which is 5% higher than the nationwide average. This suggests that food expenses might be a bit more than expected for job seekers relocating to the area. Transportation costs are at 97, slightly under the national average, offering a small relief for those who rely on public transport or own a vehicle. Healthcare costs, however, are notably higher at 110, showing a 10% increase compared to the national average, which could be a crucial factor for those planning to relocate. Miscellaneous costs are at 102, only 2% above the average, which suggests that other day-to-day expenses remain fairly consistent with national trends.
