The cost of living in Teterboro, NJ, significantly exceeds the nationwide average, with the overall index at 126. This means residents face expenses that are 26% higher than the national average. Housing, the largest component, shows a steep 50% increase, while groceries and utilities also rise by 20% and 10%, respectively. These figures highlight the elevated expenses one might encounter when considering a move to Teterboro.
Teterboro, New Jersey, shows a cost of living that is higher than the nationwide average. The housing index stands at 150, indicating that housing costs in Teterboro are 50% higher than the national average. People moving to Teterboro can expect to spend significantly more on their homes or rent compared to other areas across the country.
In addition to housing, the grocery index in Teterboro is 120, which is 20% above the nationwide average. This means that everyday food purchases cost more in Teterboro than on average in other parts of the nation. Utilities also show a higher index at 110, suggesting costs that are 10% higher than the average. Transportation costs mirror this trend with an index of 115, indicating a 15% increase. Healthcare and miscellaneous expenses also lean higher, with indexes of 105 and 130, respectively. Healthcare costs are 5% above the average, while miscellaneous costs are 30% higher. Overall, job seekers considering Teterboro should be aware that living expenses are generally above the national average.
