Jericho, NY has a higher cost of living compared to the nationwide average across several key areas. The housing index stands at 170, indicating it is 70% more expensive than the national average. Additionally, groceries and healthcare in Jericho are also notably pricier, at 115% and 120% of the national average, respectively.
These elevated costs make it crucial for job seekers to consider these factors when weighing their relocation options. Understanding these figures helps individuals better assess the financial implications of living in Jericho.
Jericho, NY, showcases a cost of living that is notably higher than the nationwide average. The housing index stands at 170, indicating that housing costs are 70% above the national average. Job seekers should prepare for these expenses to significantly impact their budget, as housing alone costs nearly double what one might expect across the country.
Beyond housing, other key areas also display elevated costs. Groceries in Jericho cost 15% more than the national average, with an index of 115. Utilities, transportation, healthcare, and miscellaneous costs also exceed the national average. Utilities stand at 110, suggesting an 10% increase, while transportation is slightly above the average at 105, a 5% rise. Healthcare costs at 120 index points reflect a 20% higher expense, and miscellaneous costs at 130 index points show a 30% increase. Collectively, these factors paint a clear picture of a higher cost of living in Jericho, NY, compared to the national average of 100.
