The cost of living index in Lebanon, NJ, shows that housing costs are 25% higher than the nationwide average. Other expenses, such as groceries and healthcare, are also above average, with groceries at 10% higher and healthcare at 15% higher. Utilities and transportation costs are slightly above the average, while miscellaneous expenses match the national average.
The cost of living in Lebanon, NJ, shows some notable differences when compared to the nationwide average. Housing costs in Lebanon stand at 125, which is 25% higher than the national average. This means that residents in Lebanon will likely spend more on rent or mortgage payments compared to the average American. Groceries in Lebanon are priced at 110, indicating an 11% increase over the average cost. This suggests that everyday food expenses are slightly higher here.
Utilities in Lebanon are at 105, which is 5% above the national average. This small increase means that residents will pay a bit more for services like electricity, gas, and water. Transportation costs are slightly lower, with an index of 95, showing a 5% decrease. This means that commuting and other transportation-related expenses are more affordable. Healthcare costs in Lebanon are at 115, which is 15% higher than the national average. This indicates that medical expenses could be more significant for residents. Miscellaneous costs in Lebanon are equal to the national average at 100, showing no difference in other spending areas.
