Red Hook, NY, showcases a higher cost of living than the nationwide average. Specifically, the cost of living index in Red Hook stands at 123.5, surpassing the national average of 100. This increase is driven by a 50% higher housing cost, making it a key consideration for potential residents and job seekers.
Breaking it down, housing leads the way with a 150 index, followed closely by utilities at 120. Groceries and healthcare hover around the 110-115 mark, with transportation and miscellaneous costs slightly under these figures. For professionals evaluating job opportunities, these figures underscore the importance of higher earnings potential to offset the elevated living expenses in Red Hook.
Red Hook, NY, presents a distinct cost of living compared to the nationwide average, which is indexed at 100. The housing index stands at 150, suggesting that housing costs in Red Hook are 50% higher than the national average. This significant increase could be a major consideration for those moving to the area, as housing is a critical expense for many.
In addition to housing, other costs in Red Hook also exceed the national average. Groceries, with an index of 110, are 10% more expensive than on average across the country. Utilities, at 120, are 20% higher. Transportation costs are relatively close to the national average at 105, which is a 5% increase. Healthcare costs also reflect a higher expense, indexed at 115, which is 15% above the national average. Miscellaneous costs, at 125, indicate a 25% increase over the average. These figures highlight the overall higher cost of living in Red Hook, NY, compared to the national average.
