Benton, IL, offers a cost of living that is 25% below the nationwide average, making it a more affordable option for many expenses. Lower housing costs and slightly reduced grocery prices contribute to this overall decrease. While utilities and transportation costs are closer to average, healthcare and miscellaneous expenses remain higher than the national norm.
Benton, IL, showcases a cost of living that is notably lower than the nationwide average. Based on a cost of living index where the national average stands at 100, Benton’s index scores 87, reflecting overall affordability. This reduction translates to a 13% lower cost of living compared to the national average. For example, housing costs in Benton are 25% lower, making it more accessible for residents. Groceries and utilities also show favorable rates, at 90 and 85 respectively, which are both slightly below the national mark.
Benton also shows variances across different spending categories. While housing costs are the lowest at 75 on the index, healthcare costs stand slightly higher at 95, indicating a 5% increase over the national average. Utilities, transportation, and miscellaneous expenses follow closely behind the national average, ranging from 80 to 88. These figures provide a clear picture of where residents can expect to spend more or less, allowing them to make informed decisions. Overall, Benton presents a cost of living that is favorable for many, with notable savings in key areas.
