Warren, NJ, has a higher cost of living compared to the nationwide average. The cost of living index stands at 126, which is 26% above the baseline of 100. This means that expenses in areas like housing, groceries, and healthcare are notably higher in Warren than the average seen across the country.
In detail, the housing index in Warren is 150, reflecting a 50% increase over the national average. This significant rise indicates that living costs are substantially higher in this area. The other categories, such as groceries and utilities, also surpass the national norm, reinforcing the overall high cost of living in Warren, NJ.
Understanding the cost of living in Warren, NJ, compared to the national average can help professionals make informed decisions. The cost of living index in Warren stands at 137, which is higher than the nationwide average of 100. This indicates that living in Warren involves a 37% higher expense level than the national average.
Housing costs, a major component, show a significant disparity. Warren's housing index is 150, meaning housing expenses are 50% higher than the national average. This higher cost can affect how much of their income residents need to allocate to housing. Groceries also cost more in Warren, with an index of 120, equating to a 20% increase. Utilities in Warren are at 105, reflecting a 5% rise in costs compared to the national average. Transportation expenses are slightly higher, at 110, showing a 10% increase. Healthcare costs are at 130, which is a 30% increase. Miscellaneous expenses, with an index of 125, reflect a 25% rise. All these factors contribute to the overall higher cost of living in Warren.
