Kearny, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Kearny stands at 115, which is 15% higher than the average of 100. This increase is driven by higher housing costs, which are 25% above the national average, and healthcare costs, which are 20% higher.
Job seekers should consider these factors when planning their budget. While Kearny offers a vibrant community, the elevated expenses in housing and healthcare may impact overall financial planning.
The cost of living in Kearny, NJ, shows some notable differences compared to the nationwide average. Housing costs in Kearny are 25% higher than the average, with an index of 125. This means that housing expenses, such as rent or mortgage payments, are significantly more expensive here. For groceries, the cost is 10% above the national average, with an index of 110. This indicates that buying food and household supplies costs a bit more than in other places.
Utilities in Kearny are 5% higher than the nationwide average, with an index of 105. This includes expenses for electricity, gas, water, and other services. Transportation costs are also 15% higher, with an index of 115, meaning that commuting and other travel expenses are more expensive. Healthcare costs are 20% higher, with an index of 120, showing that medical services and insurance costs are greater here. Miscellaneous costs, which include items like clothing and entertainment, are 15% higher, with an index of 115. Overall, Kearny's cost of living is above the national average in several key areas.
