The cost of living index in Bloomfield, NM, shows a mixed picture compared to the nationwide average. Housing costs are 15% lower, while groceries are only 5% below the average. Utilities also stand at 10% below the national average. However, transportation costs match the nationwide average, and healthcare expenses are 15% lower. Miscellaneous costs are 20% below the average, making Bloomfield a potentially more affordable place to live in some areas.
The cost of living in Bloomfield, NM, presents a mix of affordability and higher expenses compared to the nationwide average. Housing costs are notably lower, with an index of 85, which means they are 15% cheaper than the national average. This makes it an attractive option for those looking to save on their housing budget. Groceries in Bloomfield also offer some savings, with an index of 95, indicating they are 5% less expensive than the national average. This can be a significant advantage for families managing their food budgets.
Utilities in Bloomfield, with an index of 90, are slightly below the national average, offering a 10% reduction in costs. However, transportation costs align with the national average, with an index of 100, meaning they are neither cheaper nor more expensive. Healthcare costs in Bloomfield stand at 85, which is 15% lower than the national average. This can be a crucial factor for individuals considering relocation. Miscellaneous costs, with an index of 80, are 20% cheaper than the national average, providing additional savings in various other areas. Overall, Bloomfield offers a more affordable living experience in several key areas, making it a compelling choice for cost-conscious individuals.
