Hazlet, NJ, shows a higher cost of living compared to the nationwide average. The cost of living index in Hazlet stands at 118.3, indicating that expenses are approximately 18.3% above the national average. Specifically, housing costs are 30% higher, with an index of 130, while other categories like groceries and utilities also exceed the national average by 10% to 20%. Job seekers should consider these factors when evaluating living expenses in Hazlet.
The cost of living index in Hazlet, New Jersey, reflects higher expenses in various areas when compared to the nationwide average, which is set at 100. Housing costs in Hazlet stand at 130, indicating that housing expenses are 30% more than the national average. This substantial increase suggests that renters and homeowners can expect to spend significantly more on monthly mortgage or rent payments compared to other parts of the country.
Other areas also show elevated costs in Hazlet. Groceries, for instance, have an index of 110, meaning they cost 10% more than the national average. Utilities, at 105, are 5% above the national average, while transportation costs, represented by an index of 115, are 15% higher. Healthcare and miscellaneous costs both follow suit with indices of 120 and 115, respectively, which means they are 20% and 15% higher than the nationwide average. These figures highlight that while Hazlet offers certain benefits, job seekers should be mindful of the increased expenses in these key living areas.
