Randolph, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Randolph stands at 109, which is 9% higher than the national average of 100. This increase is largely due to higher housing costs, which are 25% above the average. Other categories like groceries and utilities also show slight increases, while transportation and healthcare costs remain relatively close to the national average.
Randolph, NJ, shows a higher cost of living compared to the nationwide average, which is set at 100. The housing index in Randolph stands at 125, indicating that housing costs are 25% higher than the national average. This increase suggests that potential residents may need to budget more for rent or mortgage payments.
Other expenses in Randolph also reflect higher costs. For instance, groceries have a cost of living index of 105, which is 5% above the national average. Utilities are at 110, meaning they are 10% more expensive. Healthcare costs are notably higher, with an index of 120, indicating a 20% increase. Transportation costs, however, are slightly lower, with an index of 95, which is 5% below the national average. Overall, Randolph, NJ, presents a mixed picture with some areas significantly more expensive than the national average.
