Medford, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Medford stands at 101, which is 1% above the national average of 100. Housing costs in Medford are 10% higher than the national average, while groceries and transportation are slightly lower at 5% each. Utilities and healthcare costs are close to the national average, with healthcare at 5% higher and utilities at par. Miscellaneous expenses are 2% above the national average.
Medford, NJ, presents a cost of living that is slightly higher than the nationwide average. The housing index in Medford stands at 110, which is 10% above the national average. This means that housing costs in Medford are 10% more expensive compared to the average American city. For job seekers, this could mean higher rent or mortgage payments, which is an important factor to consider when planning a move.
Other expenses in Medford also show variations from the national average. Groceries cost 95, which is 5% less than the average. Utilities remain at par with the national average at 100. Transportation costs are also 5% below the average, with an index of 95. Healthcare costs are slightly higher, with an index of 105, which is 5% above the national average. Miscellaneous expenses, such as entertainment and personal care, are 2% higher than the national average, with an index of 102. These figures provide a clear picture of where Medford stands in terms of cost of living, helping potential residents make informed decisions.
