The cost of living in Teterboro, NJ, is notably higher than the nationwide average. Housing costs, for instance, are 30% above the national average, with an index of 130. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also exceed the national average, which is set at 100. This data suggests that job seekers should consider these higher costs when planning their relocation to Teterboro.
The cost of living in Teterboro, NJ, is notably higher than the nationwide average, which is set at 100. Housing costs in Teterboro stand at 130, indicating that residents pay 30% more than the national average. This significant increase can impact budgets, especially for those renting or buying homes. Groceries also show a higher cost, with an index of 115, meaning prices are 15% above the national average. This rise can affect daily expenses, making it important for job seekers to consider these factors when planning their finances.
Utilities in Teterboro are 110, which is 10% higher than the national average. Transportation costs are also elevated, at 125, reflecting a 25% increase. These higher costs can add up quickly, affecting overall living expenses. Healthcare costs are at 120, which is 20% above the national average. This can be a crucial consideration for those looking to relocate, as healthcare expenses are a significant part of monthly budgets. Miscellaneous costs, while still higher than the national average at 105, show a more modest increase of 5%. This data highlights the importance of understanding local costs when making decisions about where to live and work.
