The cost of living index for Verona, NJ, shows that residents face higher expenses compared to the nationwide average. Housing costs, for instance, are 20% above the national benchmark, with an index of 120. This higher index impacts various sectors, including groceries, utilities, and healthcare, which are also above the 100 mark.
Specifically, groceries in Verona are 10% more expensive, utilities stand at 5% above the average, and healthcare costs are 15% higher. Transportation is the only category slightly lower than the national average, at 5% below. Overall, these metrics highlight that Verona's cost of living is notably higher for most essential expenses.
Verona, NJ, presents a cost of living that is generally higher than the nationwide average. Housing costs in Verona are 20% above the national average, with an index of 120. This suggests that renters and homeowners can expect to spend more on their living spaces compared to the average American. The groceries index in Verona is 10% higher, at 110, which means that the cost of buying food is also elevated. These two factors combined indicate that a significant portion of a resident’s budget will go toward housing and food.
Utilities in Verona are slightly above the average, with an index of 105, meaning they are 5% higher than the national average. While this is a smaller increase, it adds to the overall cost of living. Transportation costs are somewhat lower in Verona, with an index of 95, which is 5% less than the nationwide average. This slight reduction in transportation expenses may offer some relief for residents. Healthcare costs, however, are 15% higher in Verona, with an index of 115. Miscellaneous expenses are also 2% higher, standing at an index of 102. This combination of higher housing, groceries, healthcare, and utility costs suggests that living in Verona will generally cost more than living in a typical American city.
