Belvidere, IL, offers a cost of living index that stands at 89 when compared to the nationwide average of 100. This indicates that, on average, expenses in Belvidere are slightly lower than the national average. Specifically, housing costs are 15% lower, making this category the most affordable, while groceries, utilities, transportation, healthcare, and miscellaneous expenses hover around the national average, with slight variations. This balanced cost distribution provides a favorable living environment for professionals considering a move to Belvidere.
The cost of living index for Belvidere, IL, reveals several insights for job seekers considering this area. Housing costs in Belvidere stand at 85, which is 15% lower than the nationwide average of 100. This means residents will find housing more affordable, offering potential savings for those relocating. Groceries follow closely behind at 95, indicating that food expenses are slightly below the national average. This suggests that grocery bills will be competitive and manageable for those living in Belvidere.
Utilities in Belvidere are priced at 90, representing a modest 10% increase compared to the national average. While not drastically different, this shows that utility costs are slightly more than average. Transportation costs stand at 88, which is 12% less than the national average. This lower cost can be a significant advantage for those who rely on personal vehicles for commuting and daily activities. Healthcare costs in Belvidere are at 92, 2% below the national average. This small difference indicates that healthcare services are nearly on par with the national cost, providing some relief for residents. Miscellaneous costs in Belvidere are 87, a 13% decrease from the national average. This suggests that spending on other everyday items will also be more affordable. Overall, Belvidere offers a relatively lower cost of living in several key areas, which can be a strong incentive for job seekers.
