The cost of living index in Mount Holly, NJ, shows that housing costs are 24% higher than the nationwide average. This increase is due to higher housing prices, while other categories like groceries and utilities are slightly above the average. Overall, Mount Holly's cost of living is 14% higher than the national average.
The cost of living in Mount Holly, New Jersey, shows a varied picture when compared to the nationwide average. Housing costs in Mount Holly stand at 124, which is 24% higher than the national average. This means that housing expenses, such as rent or mortgage payments, are significantly more expensive in Mount Holly. For job seekers considering this area, it's important to consider these higher costs when budgeting for living expenses.
Other aspects of living in Mount Holly also reflect differences from the national average. Groceries cost 105, which is 5% higher. Utilities, including electricity and gas, are at 110, showing a 10% increase. Transportation costs are slightly lower, at 98, which is 2% below the national average. Healthcare costs are 115, indicating a 15% higher expense. Miscellaneous costs, such as entertainment and personal care, are at 102, which is 2% above average. These figures highlight the need for careful financial planning for those relocating to Mount Holly.
