The cost of living in Beacon, NY, stands at 103 when compared to the nationwide average of 100. This indicates that residents can expect to pay 3% more for their daily expenses across various sectors. Housing costs lead the increase, with an index of 110, meaning housing prices are 10% above the national average. Despite this, transportation and healthcare costs remain closely aligned with the national average, offering some balance.
The cost of living in Beacon, NY, reveals some notable differences when compared to the nationwide average. Housing costs in Beacon stand at an index of 110, which is 10% higher than the average. This means residents in Beacon will spend approximately 10% more on housing compared to the rest of the country. The housing figure is one of the more significant discrepancies, suggesting that real estate prices and rental rates in Beacon are relatively high.
Other areas also show some variation. Groceries have a cost of living index of 105, which is 5% higher than the national average. This increase may reflect the local market conditions and the cost of fresh produce in the area. Utilities, on the other hand, are slightly below the national average at 98, meaning they are 2% less expensive. Transportation costs are at 95, which is 5% lower than the average, offering some relief for those who rely on personal vehicles. Healthcare costs are on par with the national average at 100, meaning there is no significant difference in this critical area. Finally, miscellaneous expenses sit at 102, which is 2% higher than the average. These figures indicate that while certain costs in Beacon are higher, others are lower, providing a balanced but slightly elevated overall cost of living.
