South Hackensack, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in South Hackensack stands at 107, which is 7% above the national average of 100. Housing costs are the most significant factor, with an index of 120, indicating a 20% increase over the average. This higher cost of living should be considered by job seekers when evaluating potential relocation to the area.
South Hackensack, NJ, has a cost of living index that varies across different categories compared to the nationwide average, which is set at 100. Housing costs in South Hackensack are notably higher, with an index of 120. This means housing expenses are 20% more expensive than the national average. For job seekers considering this area, it is important to budget for higher housing costs.
Other expenses also show differences. Groceries in South Hackensack have an index of 105, indicating a 5% higher cost compared to the national average. Utilities are 10% higher, with an index of 110. Transportation costs are slightly lower, with an index of 95, meaning they are 5% cheaper than the national average. Healthcare costs are 15% higher, with an index of 115. Miscellaneous expenses, with an index of 102, are 2% above the national average. These variations highlight the need for a detailed budget when relocating to South Hackensack.
