Belvidere, IL, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Belvidere stands at 94, which is 6% less than the national average of 100. This makes it a more affordable option for housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses.
Specifically, the housing index in Belvidere is 90, groceries are at 95, utilities are slightly above average at 98, transportation costs 92, healthcare is 97, and miscellaneous expenses are 93. This balanced distribution across categories provides a comprehensive view of the affordability in Belvidere.
The cost of living index in Belvidere, IL, shows that residents generally spend less on most essentials compared to the nationwide average. The housing index stands at 90, indicating that housing costs are 10% lower than the national average. This makes it an attractive option for those looking to save on their living expenses. Groceries in Belvidere are priced at 95, which is 5% below the average cost across the country. This slight reduction can help families manage their grocery budgets more effectively.
Utilities in Belvidere are slightly above the national average, with an index of 98, meaning they are 2% higher. Transportation costs are also close to the national average, with an index of 92, which is 8% lower. Healthcare costs in Belvidere are 97, indicating a 3% savings compared to the nationwide average. Miscellaneous expenses, which include items like clothing and entertainment, are at 93, showing a 7% reduction. Overall, Belvidere offers a cost of living that is generally favorable for those seeking to reduce their expenses while maintaining a good quality of life.