Belvidere, IL, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Belvidere stands at 91, which is 9% lower than the national average of 100. This makes Belvidere a more affordable option for housing, groceries, utilities, and miscellaneous expenses, while transportation and healthcare costs remain close to the national average.
Belvidere, IL, offers a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Belvidere stand at 85, which is a 15% reduction from the national average. This makes it an attractive option for those looking to save on housing expenses. Additionally, groceries cost 95 in Belvidere, which is only 5% above the national average. This slight increase suggests that food costs remain relatively affordable.
Utilities in Belvidere are priced at 90, which is 10% below the national average. This indicates that residents can expect to spend less on essential services like electricity and water. Transportation costs are slightly higher, with an index of 98, which is 2% above the national average. Healthcare costs in Belvidere are 92, which is a 2% decrease from the average, making medical expenses more manageable. Miscellaneous costs are at 88, which is 12% lower than the national average, offering further savings in everyday expenses. Overall, Belvidere provides a cost-effective living environment with several areas below the national average.