The cost of living in Millburn, NJ, significantly exceeds the nationwide average, with a total index of 125. This represents a 25% increase over the national average of 100. Housing costs are particularly high, at 150, which is 50% above the average. This data highlights the importance for job seekers to consider these factors when evaluating potential relocations to Millburn.
The cost of living in Millburn, NJ, is notably higher than the nationwide average, which is set at 100. Housing costs in Millburn stand at 150, indicating that residents pay 50% more than the average American. This significant increase in housing prices can be a major factor for job seekers considering the area.
Other expenses in Millburn also exceed the national average. Groceries cost 20% more, with an index of 120. Utilities are 5% higher at 105, while transportation costs are 15% above average at 115. Healthcare expenses are 10% higher, with an index of 110, and miscellaneous costs are 30% greater at 130. These figures show that while Millburn offers many benefits, potential residents should be aware of the higher costs they may face in various aspects of daily life.
