Madison, NJ, shows a higher cost of living than the nationwide average. The overall cost of living index for Madison is 122, which is 22% above the national average of 100. This increase is largely driven by higher housing costs, which stand at 150, significantly higher than the average.
Other expenses in Madison also exceed the national average. Groceries and healthcare are 20% and 25% higher, respectively, while utilities and miscellaneous costs are about 10% to 15% above average. Transportation costs are slightly above the national average at 5%.
The cost of living in Madison, NJ, surpasses the nationwide average across several categories, making it essential for job seekers to consider these factors when planning their move. Housing costs in Madison stand at 150, which means they are 50% higher than the national average of 100. This increase suggests that finding affordable housing could be a challenge for those relocating to Madison.
Additionally, groceries in Madison are 20% more expensive than the average, with an index of 120. Utilities also exceed the national average by 10%, with an index of 110. Transportation costs in Madison are slightly higher, at 105, meaning expenses are 5% above the national average. Healthcare costs reflect a 25% increase over the national average, with an index of 125, making it another significant area of expenditure for residents. Miscellaneous costs stand at 115, indicating an 15% rise compared to the nationwide average. These figures highlight the need for careful financial planning when considering a move to Madison, NJ.
