The cost of living in Shrewsbury, NJ, stands higher than the nationwide average across various sectors. Housing costs are notably elevated at 145, 45% above the national benchmark. Other expenses, like groceries, utilities, and healthcare, also exceed the 100 average, with increases ranging from 5% to 20%. This data suggests that individuals may face higher living expenses in Shrewsbury compared to the national average.
Shrewsbury, NJ, has a cost of living index that stands above the nationwide average in several key areas. Housing costs, for example, are 45% higher than the national average. This makes finding an affordable place to live a bit challenging for residents. When compared to the national index of 100, Shrewsbury’s housing index of 145 reflects this significant premium.
In addition to housing, grocery costs in Shrewsbury also exceed the national average by 15%. This increase means that everyday purchases for food and household supplies cost more than in many other parts of the country. Utilities in Shrewsbury are also higher, at 10% above the national average, impacting monthly expenses. However, transportation costs are slightly lower, at 5% below the national average, offering some relief for those who drive regularly. Healthcare costs are 20% higher than the national average, while miscellaneous expenses stand at 5%, making Shrewsbury an area where residents need to budget carefully.
