Belvidere, IL, boasts a cost of living index that is slightly below the nationwide average of 100. Specifically, the overall cost of living in Belvidere stands at 92. This places the city at an 8% discount compared to the national average, making it a more affordable option for many families and individuals.
Looking at the individual components, Belvidere's housing index at 90 represents a 10% decrease from the national average. However, the transportation index of 92 shows only a slight reduction of 2%. Miscellaneous expenses are at 93, which is a 7% discount, while utilities and groceries also show modest savings at 85 and 95, respectively. Healthcare, however, slightly exceeds the national average at 98, suggesting a relatively higher cost in this category.
Belvidere, IL, presents a cost of living that diverges slightly from the nationwide average, providing insights that can be valuable for job seekers and prospective residents. The cost of living index in Belvidere stands at 92, which means overall expenses are 2% below the national average, which is set at 100. This minor decrease can be beneficial for those looking to reduce their living costs. For instance, housing costs in Belvidere amount to 90, which is a notable 10% less than the national average. This reduction can significantly impact the budget of someone relocating or considering a move.
Furthermore, when examining specific categories, Belvidere shows competitive prices in various sectors. Groceries cost 95, just 5% below the national average, indicating affordability without sacrificing quality. Transportation costs at 92 are also slightly lower than the national average, which can be a plus for those with commuting needs. Utilities and healthcare are priced at 85 and 98 respectively, balancing out the overall cost of living. Miscellaneous expenses, which include items like entertainment and personal care, are at 93, slightly below the average, offering additional savings. These factors collectively highlight Belvidere's appeal for those seeking a more affordable living environment without compromising essential needs.
