Boaz, AL, showcases a cost of living index that is generally lower than the nationwide average. The total index stands at 87, representing a 13% reduction compared to the assumed average of 100. This suggests that living expenses in Boaz are more affordable in several areas, particularly in housing and miscellaneous costs.
Boaz offers notable savings in housing, with an index of 75, which is 25% lower than the national benchmark. Additionally, miscellaneous costs, pegged at 80, are also 20% less expensive. While utilities, healthcare, and groceries hover around the national average, transportation and overall costs remain favorable, making Boaz an attractive option for budget-conscious individuals.
Boaz, AL has a lower cost of living compared to the nationwide average. The housing index stands at 75, which is 25% lower than the average of 100. This suggests that people in Boaz will pay less for their homes or rent. Groceries cost slightly less, with an index of 90, showing only a 10% difference from the national average. Utilities in Boaz are priced a bit above the average at 95, indicating a 5% increase.
When looking at transportation, Boaz has an index of 85, which means it costs 15% less than the national average. This could be a significant saving for those who rely on cars. Healthcare services in Boaz have an index of 95, reflecting a minimal 5% increase over the national average. Miscellaneous expenses, which include items like clothing and entertainment, have an index of 80 in Boaz, meaning they are 20% cheaper than the average. These factors combined offer a more affordable living situation in Boaz compared to the nation as a whole.
