The cost of living in Teterboro, NJ, significantly exceeds the nationwide average, with a total index of 127. This represents a 27% increase over the national average of 100. Housing costs are particularly high, with an index of 150, indicating a 50% rise compared to the average. This data suggests that job seekers should consider these elevated expenses 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 are 50% higher than the average, with an index of 150. This means that expenses related to rent or mortgage payments are significantly greater than what people might expect in other areas. Groceries also show a rise, with costs 15% above the national average, indexed at 115. This indicates that everyday food purchases are more expensive in Teterboro.
Utilities in Teterboro are 10% higher than the average, with an index of 110. This includes costs for electricity, gas, and water. Transportation costs are also 20% higher, indexed at 120, reflecting increased expenses for fuel and public transit. Healthcare costs are 30% above the average, indexed at 130, showing that medical services and insurance can be more costly. Miscellaneous expenses, such as entertainment and personal care, are 25% higher, indexed at 125. These factors combined paint a picture of a higher cost of living in Teterboro compared to the national average.
