The cost of living index in Little Falls, NJ, shows a higher expense in most areas when compared to the nationwide average of 100. Housing costs are particularly elevated, reaching 120. This indicates that housing in Little Falls is 20% more expensive than the national average.
In addition, groceries and healthcare also exceed the national average, with indices of 110 and 115, respectively. Utilities and miscellaneous costs are close to the average, while transportation stands at 95, making it less expensive than the nationwide norm. Overall, these figures highlight the higher living expenses in Little Falls, particularly for housing and essential services.
The cost of living index in Little Falls, NJ, is higher than the nationwide average in several key areas. Housing costs, for example, stand at 120, which means they are 20% higher than the average. This increase can make finding affordable homes or apartments more challenging for residents. Groceries, another essential expense, have an index of 110. This shows that grocery bills in Little Falls are 10% higher than the national average. Such figures highlight the need for careful budgeting in these categories.
Utilities and healthcare costs in Little Falls also exceed the nationwide average. The utility index is at 105, indicating a 5% rise in these expenses. Healthcare costs have an index of 115, which means they are 15% higher than average. These figures suggest that residents may need to allocate more of their budget to cover these vital services. Understanding these percentages can help job seekers and residents plan their finances effectively in Little Falls.
