Randolph, NJ, shows a higher cost of living compared to the nationwide average. The graph reveals that the overall cost of living index in Randolph is 120, which is 20% higher than the baseline of 100. This suggests that residents in Randolph experience greater expenses in areas such as housing, groceries, and healthcare. Understanding these figures can help potential job seekers better prepare for their relocation.
Randolph, NJ, boasts a cost of living index that surpasses the nationwide average of 100. Housing costs in Randolph are notably higher, standing at 130. This means that expenses related to housing in Randolph are 30% more than the average cost across the country. The increase in housing prices can significantly impact the overall budget for those considering a move to Randolph.
Additionally, groceries in Randolph come with a 115 cost of living index, indicating a 15% increase over the nationwide average. Transportation costs follow closely at 110, reflecting a 10% increase. Healthcare costs also rise above the average, with an index of 120, meaning they are 20% higher than the national average. Utilities and miscellaneous costs also exceed the average, with indices of 105 and 125 respectively. These figures highlight that while Randolph offers various benefits, potential residents should account for these higher living expenses when planning their budget.
