Mount Holly, NJ, shows a higher cost of living compared to the nationwide average. Housing costs are 20% higher, while groceries are 5% higher. Utilities and transportation are slightly below the average, at 10% and 5% lower, respectively. Healthcare costs are 10% higher, and miscellaneous expenses match the national average.
The cost of living in Mount Holly, New Jersey, shows some notable differences compared to the nationwide average. Housing costs in Mount Holly are 20% higher than the national average, with an index of 120. This means that housing expenses, such as rent or mortgage payments, are significantly more expensive for residents in Mount Holly. Groceries also cost more, with an index of 105, indicating a 5% increase over the national average. This suggests that everyday food purchases are slightly pricier in Mount Holly.
Utilities in Mount Holly are 10% below the national average, with an index of 90. This provides a slight relief for residents, as they spend less on services like electricity, gas, and water. Transportation costs are also 5% below the average, with an index of 95, meaning that commuting and other travel expenses are somewhat cheaper. Healthcare costs, however, are 10% higher, with an index of 110, which could be a significant factor for those considering relocation. Overall, while some areas show savings, the higher costs in housing and healthcare are important considerations.
