Raritan, NJ, has a higher cost of living than the nationwide average across several categories. The housing index in Raritan is 28% above the national average, indicating higher expenses for those looking to rent or buy a home. Additionally, groceries are 13% more expensive in Raritan compared to the national average.
While some areas, like utilities and transportation, match the national average, healthcare and miscellaneous costs are slightly above average at 17% and 5%, respectively. Job seekers should consider these figures when planning their budget.
Raritan, New Jersey, has a higher cost of living compared to the nationwide average, which is set at 100. Specifically, the housing index in Raritan is 128, meaning housing costs are 28% higher than the national average. This increased cost can significantly impact anyone considering a move, as the price of housing alone exceeds the average by a notable margin.
Other living expenses in Raritan also reflect a higher cost of living. For example, groceries have a cost index of 113, which is 13% above the nationwide average. Utilities, transportation, healthcare, and miscellaneous expenses show slightly higher or equal costs compared to the average. Utilities and transportation both have an index of 102, indicating they are at par with the national average. However, healthcare costs 17% higher, with an index of 117, and miscellaneous expenses stand at 5%, with an index of 105. These details suggest that while housing is the most significant factor, other areas also contribute to the overall higher cost of living in Raritan, NJ.
