Somers Point, NJ, shows a cost of living index above the nationwide average in several key areas. Housing costs are 10% higher, groceries are 2% higher, transportation is 8% higher, and healthcare expenses are 5% higher. However, utilities and miscellaneous costs in Somers Point are slightly below the national average. This suggests that while some expenses are notably higher, others are comparable or lower, providing a balanced picture for job seekers considering this area.
The cost of living index in Somers Point, NJ, reveals several insights when compared to the nationwide average, which is set at 100. For housing, Somers Point residents experience a 10% higher cost, with an index of 110. This indicates that housing in Somers Point is more expensive than the average U.S. city. Similarly, transportation costs are 8% above the national average, with an index of 108, suggesting that daily commutes and vehicle expenses can add up.
In contrast, some areas show costs closer to the national average. Groceries in Somers Point have a slight increase, with an index of 102, meaning they are 2% more expensive than the average. Utilities, at an index of 97, are 3% below the national average, which can provide some relief. Healthcare costs are also slightly higher, with an index of 105, indicating a 5% increase. Miscellaneous costs in Somers Point match the nationwide average at 100, showing no significant difference. Overall, these indices highlight that while certain expenses in Somers Point are higher, others remain comparable or slightly lower than the national average.
