Somers Point, NJ, has a higher cost of living compared to the nationwide average. The housing index stands at 120, indicating that housing costs 20% more than the national average. Additionally, utilities are 10% higher, while groceries and healthcare also exceed the average by 5% and 15%, respectively.
Transportation costs in Somers Point are slightly lower, at 95, which means they are 5% below the national average. Despite these variations, the overall cost of living in Somers Point remains notably higher than the nationwide average, making it important for job seekers to consider these factors.
Somers Point, NJ, has a cost of living index that is notably higher than the nationwide average. Housing costs in Somers Point stand at 120, which is 20% higher than the national average. This means that expenses related to renting or buying a home in Somers Point are significantly more than what one might expect to pay on average across the country.
In addition to housing, the cost of groceries in Somers Point is 105, which is 5% above the national average. This indicates that everyday food purchases will cost slightly more than in other areas. Utilities in Somers Point also exceed the average, with an index of 110, meaning they are 10% higher. Transportation costs, however, are slightly lower, with an index of 95, which is 5% below the national average. Healthcare costs in Somers Point are 115, which is 15% higher than the nationwide average, reflecting the need for careful budgeting in this area. Miscellaneous expenses in Somers Point are on par with the national average, with an index of 100.
