Shrewsbury, NJ, shows a higher cost of living compared to the nationwide average. The overall cost of living index in Shrewsbury stands at 116, which is 16% above the national average of 100. This increase is driven by higher housing costs, which are 30% higher than the national average, and elevated prices in groceries and healthcare, both at 15% above the average.
Shrewsbury, NJ, shows a higher cost of living compared to the nationwide average in several key areas. Housing costs in Shrewsbury are 30% higher than the national average, with an index of 130. This means that expenses related to renting or buying a home are significantly higher for residents here. Groceries also cost more, with an index of 115, indicating a 15% increase over the average. These higher costs can impact the budget of those considering a move to Shrewsbury.
Utilities in Shrewsbury are 10% above the national average, with an index of 110. This includes expenses for electricity, gas, water, and other services. Transportation costs are slightly higher, at 5% above the average, with an index of 105. This means that commuting and other transportation-related expenses are somewhat more expensive. Healthcare costs are also 20% higher, with an index of 120, which could be a significant factor for families and individuals planning for medical expenses. Miscellaneous costs, with an index of 115, also show a 15% increase, affecting everyday spending on items like clothing, entertainment, and personal care.
