Shrewsbury, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Shrewsbury stands at 115, which is 15% higher than the national average of 100. This increase is largely driven by housing, which is 35% higher than the average, and healthcare, which is 15% higher.
Despite these elevated costs, the prices for groceries, utilities, transportation, and miscellaneous items remain relatively close to the national average, with variations of 10% to 20%. This data suggests that while Shrewsbury offers certain amenities, potential residents should consider these costs when planning their budget.
Shrewsbury, NJ, exhibits a cost of living index that is notably higher than the nationwide average. Housing costs in Shrewsbury stand at 135, which is 35% higher than the national average. This increase suggests that potential residents may need to budget more for housing compared to other areas in the country.
Other expenses in Shrewsbury also reflect higher costs. For instance, groceries cost 110, which is 10% above the average. Utilities, however, are slightly below the national average at 95, representing a 5% decrease. Transportation costs are 5% higher, with an index of 105. Healthcare costs are 15% higher at 115, and miscellaneous expenses are 20% higher at 120. Overall, Shrewsbury presents a living environment where most expenses are above the national average, making it important for job seekers to consider these factors when planning their move.
