Somers Point, NJ, has a higher cost of living compared to the nationwide average. Housing costs are 16% higher, while utilities are 10% higher. Groceries and healthcare are close to the national average, with transportation and miscellaneous items slightly below it.
Overall, the cost of living in Somers Point is 10% above the national average. This means residents can expect to spend more on housing and utilities, but the prices for groceries, healthcare, transportation, and miscellaneous items remain relatively stable.
Somers Point, New Jersey, shows a cost of living index that varies across different categories when compared to the nationwide average. Housing costs in Somers Point stand at 116, which is 16% higher than the national average. This increase suggests that job seekers might need to budget more for housing if they consider relocating to this area.
Other expenses also reflect a similar trend. Utilities, for instance, have a cost of living index of 110, which is 10% above the national average. Groceries and healthcare costs are closer to the average, with indices of 101 and 102, respectively, indicating only a 1% and 2% increase. Transportation costs are slightly lower, at 95, which is 5% below the national average. Miscellaneous expenses also show a modest increase, with an index of 105, which is 5% higher than the average. Overall, while some areas show higher costs, others remain close to the national average, offering a balanced perspective for potential residents.
