Gibbstown, NJ, shows a higher cost of living compared to the nationwide average. The overall cost of living index in Gibbstown stands at 105, which is 5% higher than the national average of 100. This increase is primarily driven by housing costs, which are 15% above the average, and healthcare costs, which are 10% higher.
Despite these elevated costs, Gibbstown offers a more balanced cost of living in other areas such as groceries, utilities, transportation, and miscellaneous expenses, which are slightly above or near the national average. This mix makes Gibbstown a competitive location for job seekers considering the trade-offs between cost and quality of life.
Gibbstown, NJ, shows a cost of living index that varies across different categories when compared to the nationwide average, which is set at 100. Housing costs in Gibbstown stand at 115, indicating that residents pay 15% more than the national average for housing. This higher cost can be a significant factor for those considering relocation or purchasing a home in the area.
In other areas, Gibbstown's cost of living is closer to the national average. For instance, groceries cost 105, which is 5% more than the average. Utilities are slightly below the national average at 98, meaning residents spend 2% less on utilities. Transportation costs are also lower, at 90, which is 10% less than the national average. Healthcare costs are slightly higher at 110, reflecting a 10% increase over the national average. Miscellaneous expenses are at 102, which is 2% higher than the national average. Overall, Gibbstown presents a mix of higher and lower costs in various categories, offering a balanced view for potential residents.
