The cost of living in Medford, NJ, stands below the nationwide average, which is set at 100. Housing, utilities, and miscellaneous expenses are notably lower, with indexes of 85, 102, and 90 respectively. In contrast, groceries and healthcare show slight increases, with indexes of 98 and 105. This makes Medford a potentially more affordable option for those considering relocation.
The cost of living index in Medford, New Jersey, shows a favorable comparison to the nationwide average of 100. Medford's housing cost index stands at 85, which is 15% lower than the national average. This makes housing more affordable for those living in Medford, offering significant savings on living expenses. Additionally, the grocery index in Medford is slightly below the national average at 98, indicating just a 2% increase in grocery costs compared to the nation.
Utilities in Medford are slightly above the national average, with an index of 102, meaning they are 2% higher. Transportation costs follow closely at 95, which is a 5% decrease compared to the national average. This suggests that commuting and daily travel expenses are relatively lower in Medford. Healthcare costs in Medford are slightly above average at 105, representing a 5% increase. Miscellaneous expenses also mirror the national trend, with an index of 90, showing a 10% reduction. Overall, Medford presents a competitive cost of living with a mix of lower and slightly higher expenses compared to the national averages.
