Maple Shade, NJ, boasts a cost of living index that surpasses the nationwide average, making it a bit pricier for residents. Specifically, the cost of living index for Maple Shade stands at 108, which is 8% higher than the national average of 100. This higher index influences various expenses, especially housing, which has an index of 120, reflecting a 20% increase over the average.
While housing costs are notably high, other areas like groceries, utilities, transportation, healthcare, and miscellaneous expenses also exceed the national average, though to a lesser degree. Groceries have an index of 105 (5% higher), while utilities are slightly lower at 95 (5% lower). This comprehensive overview helps job seekers understand the financial implications of relocating to Maple Shade.
The cost of living in Maple Shade, NJ, is notably higher than the nationwide average, which stands at 100. Housing costs in Maple Shade are 20% above the national average, making it more expensive for residents to find suitable places to live. When compared to the nationwide average, a Maple Shade resident can expect to spend 20% more on rent or mortgage payments.
In addition to higher housing costs, other expenses also exceed the national average. For example, groceries cost 5% more, utilities are 5% less, transportation is 10% higher, healthcare is the same as the national average, and miscellaneous expenses are 2% above the nationwide average. Overall, Maple Shade's cost of living stands at 106% of the national average, reflecting the increased expenses in key areas.
