The cost of living index in Biscoe, NC, stands at 91, which is 9% below the nationwide average of 100. This lower index makes Biscoe an attractive option for those looking to reduce expenses. Compared to the national average, residents find that housing, utilities, and miscellaneous costs are particularly favorable. Groceries and healthcare costs are slightly above the national average, while transportation costs are very close to it.
The cost of living in Biscoe, NC, presents an appealing option for those considering relocation. Housing costs in Biscoe are 15% below the nationwide average, which can significantly ease the financial burden on residents. This lower housing index allows individuals and families to allocate more of their budget to other necessities or savings.
Beyond housing, other expenses in Biscoe also show a favorable comparison. Groceries are just 8% below the national average, making it easier to maintain a balanced diet without overspending. Utilities in Biscoe are only 5% below average, suggesting that energy costs remain manageable. Transportation costs are also slightly lower, at 10% below the national average, which can reduce the overall cost of commuting. Healthcare costs are slightly higher, at 3% above the average, but this may be offset by the overall lower cost of living in Biscoe. Overall, residents can enjoy a better quality of life with a lower overall cost of living.
