Lebanon, NJ, has a higher cost of living compared to the nationwide average. The cost of living index in Lebanon stands at 125, which is 25% higher than the national average of 100. This increase is driven by higher housing costs, notably at 150, which is 50% above the average. Other categories like groceries, utilities, and transportation also exceed the national average, making Lebanon a more expensive place to live.
The cost of living in Lebanon, NJ, shows some significant differences compared to the nationwide average. Housing costs in Lebanon stand at 150, which is 50% higher than the national average. This means that residents will need to allocate a substantial portion of their budget to housing. Groceries in Lebanon are priced at 110, indicating an 10% increase over the national average. This rise suggests that food expenses are slightly higher than what one might find in other areas.
Utilities in Lebanon are at 130, which is 30% above the national average. This increase reflects the higher costs for essential services like electricity and water. Transportation costs are also higher, with an index of 120, meaning they are 20% more than the average. Healthcare costs in Lebanon are at 115, which is 15% higher than the national average. Miscellaneous costs, however, are relatively close to the average, with an index of 105, indicating a 5% increase. Overall, Lebanon, NJ, presents a higher cost of living in several key areas compared to the national average.
