Advance, NC, presents a cost of living index that is slightly below the nationwide average. The overall index stands at 91, reflecting a 9% decrease from the national average of 100. This suggests that residents in Advance can expect to spend less on most living expenses compared to the average American.
Specifically, housing costs in Advance are 15% lower than the national average, while groceries are only 5% below. Utilities and transportation costs are also slightly lower, at 10% and 8% respectively. Healthcare costs are slightly higher, at 2% more than the national average, but miscellaneous expenses are 12% lower. This balanced mix makes Advance an attractive option for those seeking a more affordable lifestyle.
Advance, North Carolina, offers a cost of living that is notably lower than the nationwide average. The housing index in Advance stands at 85, which means it costs 15% less than the national average. This makes housing in Advance an attractive option for those looking to save on their living expenses. Additionally, the grocery index is 95, indicating that grocery costs are only 5% higher than the national average. This slight increase does not significantly impact the overall affordability of living in Advance.
Utilities in Advance are priced at 90, which is 10% below the national average. This reduction in utility costs further enhances the appeal of Advance for cost-conscious individuals. Transportation costs are also relatively low, with an index of 92, meaning they are 8% less than the national average. Healthcare costs, however, are slightly higher, with an index of 98, indicating a 2% increase. Despite this, the miscellaneous costs, which include items like entertainment and personal care, are at 88, showing an overall 12% savings compared to the national average. These factors collectively make Advance a cost-effective place to live.
