Bagley, MN, boasts a cost of living index that is notably lower than the nationwide average, which is set at 100. Specifically, the overall cost of living in Bagley stands at 85, indicating that residents generally spend 15% less than the average American. This reduction spans across various sectors, such as housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses, making Bagley an attractive option for budget-conscious job seekers.
The detailed breakdown shows that housing costs in Bagley are 25% below the national average, while groceries are 15% less expensive. Utilities and transportation costs are 10% and 20% lower, respectively. Healthcare costs, though slightly above average at 5%, and miscellaneous expenses at 8% above average, still contribute to an overall cost of living that is significantly favorable for those relocating to Bagley.
The cost of living in Bagley, Minnesota, presents a mix of advantages and considerations compared to the nationwide average. The housing index, at 75, indicates that housing costs in Bagley are 25% lower than the national average. This lower cost can significantly benefit residents, making it easier to find affordable living arrangements. Additionally, the groceries index stands at 85, meaning groceries cost 15% less than the nationwide average. This can be particularly appealing for families and individuals looking to save on their monthly food expenses.
Transportation and healthcare in Bagley also offer some relief from high costs. The transportation index of 80 suggests that residents can expect to spend 20% less on transportation compared to the national average. This may include savings on fuel, vehicle maintenance, or public transit costs. Similarly, the healthcare index at 95 shows that healthcare expenses are only 5% above the nationwide average, which can still represent a modest saving for some residents. The utilities index at 90 points to a slight increase of 10% compared to the average, while the miscellaneous index at 88 indicates an 8% saving on various other costs. Overall, Bagley provides a more affordable living environment in several key areas.
