Benton, IL, presents a cost of living index that generally aligns closely with the national average. The overall cost of living index for Benton stands at 86, reflecting a 4% reduction from the nationwide average of 100. Among its components, housing is notably cheaper at 75, while utilities and healthcare indices are slightly above the national average.
In more detail, Benton’s lower housing index of 75 offers a significant advantage, being 25% less than the average. Conversely, utilities and healthcare show slightly higher indices at 90 and 95 respectively, indicating minimal cost differences in these areas. This balanced index suggests that Benton provides a moderately cost-effective living environment.
Benton, IL, shows a cost of living that is notably lower than the nationwide average. The Housing index stands at 75, indicating that housing costs in Benton are 25% below the national average. This can make it an attractive option for those seeking more affordable living options. Additionally, the Groceries index is at 85, slightly below the national average of 100. This suggests that grocery bills in Benton are 15% cheaper compared to the rest of the country.
Transportation in Benton also provides some cost relief, with an index of 80, meaning it is 20% less expensive than the national average. Utilities, Healthcare, and Miscellaneous expenses show slightly higher costs. The Utilities index at 90 shows a 10% increase, while Healthcare stands at 95, which is 5% higher. The Miscellaneous index of 88 suggests an 8% decrease. Overall, Benton offers a balance of lower housing and grocery costs, making it an appealing place for those looking to manage living expenses effectively.
