Phillipsburg, NJ, presents a cost of living that is slightly below the nationwide average. The total cost of living index for Phillipsburg stands at 93, which is 7% lower than the benchmark of 100. This slight decrease suggests that living expenses in Phillipsburg are more affordable compared to the national average, making it a potentially attractive option for job seekers.
Individual categories also offer insights into the cost dynamics of Phillipsburg. Housing, for instance, costs 15% less than the national average, while groceries are about 5% less expensive. Utilities maintain the national average, and transportation costs are 10% lower. Healthcare costs, however, are 10% higher, and miscellaneous expenses are 8% lower. This variation across categories helps potential residents decide on where their budget might best align with their needs.
Phillipsburg, NJ, exhibits a cost of living index that is generally lower than the nationwide average, which is set at 100. Housing costs in Phillipsburg stand at 85, which is 15% below the national average. This suggests that residents can expect to pay less for housing compared to the average American. Additionally, groceries cost 95 in Phillipsburg, which is 5% lower than the national average.
Transportation costs also remain relatively competitive, with an index of 90, marking a 10% reduction from the national average. Utilities, however, align closely with the national average, with an index of 100. Healthcare costs in Phillipsburg are slightly higher, at 110, meaning residents face 10% higher expenses in this category compared to the national average. Miscellaneous costs are at 92, which is 8% lower than the nationwide average. Overall, Phillipsburg presents a mix of cost-effective and slightly higher expenses, making it an attractive option for job seekers looking for affordable living.
