The cost of living index in Mount Holly, NJ, shows variations compared to the nationwide average. Housing prices in Mount Holly are 12% higher, while groceries cost 5% more. Utilities and healthcare are slightly below the national average, each at 2% less. Transportation expenses are 10% higher, and miscellaneous costs are 2% above the national average. This data offers a clear picture of how living in Mount Holly might affect your expenses compared to other areas in the country.
Each category provides insight into specific areas where costs may rise or fall. For example, those looking to buy a home or rent an apartment should be aware of the 12% higher housing index. Conversely, healthcare costs are aligned closely with the national average, at a 2% decrease, which may offer some relief. Understanding these differences helps job seekers make informed decisions about relocating to Mount Holly, NJ.
The cost of living in Mount Holly, NJ, presents a mixed picture compared to the nationwide average. Housing costs stand at 112, meaning they are 12% higher than the national average. This increase can significantly impact housing budgets for residents and job seekers considering the area. Groceries in Mount Holly are slightly above the national average, with an index of 105, translating to a 5% increase. This suggests that while food expenses remain relatively accessible, they are not the most budget-friendly aspect of living in the area.
Utilities in Mount Holly are at 98, which is 2% lower than the nationwide average. This can offer some relief to households managing their expenses. Transportation costs in the area are 10% higher than the average, with an index of 110. This means that commuting and other travel-related expenses will be more costly compared to the national average. Healthcare costs in Mount Holly align closely with the national average at 98, showing minimal change. Lastly, miscellaneous expenses, including entertainment and personal care, are at 102, slightly above the national average at 2%. Overall, while some areas present cost savings, others show significant increases, making it important for job seekers to consider these factors when planning their budgets.
