Lebanon, NJ, shows a higher cost of living compared to the nationwide average, particularly in housing and healthcare. Housing costs are 20% higher, while healthcare costs are 15% higher. Groceries and utilities also exceed the national average by 10% and 5%, respectively. However, transportation and miscellaneous expenses are slightly below the national average.
The cost of living in Lebanon, NJ, shows some notable differences when compared to the nationwide average, which is set at 100. Housing costs in Lebanon are 20% higher than the national average, with an index of 120. This means that residents will need to allocate a significant portion of their budget to housing. Groceries also cost more, with an index of 110, indicating an 11% increase over the average.
Utilities in Lebanon are slightly above the national average, with an index of 105, reflecting a 5% increase. Transportation costs are more favorable, with an index of 95, which is 5% below the national average. Healthcare costs are 15% higher than the national average, with an index of 115. Miscellaneous expenses are nearly on par with the national average, with an index of 98, showing only a minor 2% decrease. Overall, while some areas like transportation and miscellaneous expenses are more affordable, housing, groceries, utilities, and healthcare present higher costs for residents in Lebanon, NJ.
