Boaz, AL, has a cost of living index that is generally lower than the nationwide average of 100. The overall cost of living in Boaz stands at 88, which is 12% lower than the national average. This lower cost of living makes Boaz an attractive option for those looking to reduce their expenses while maintaining a good quality of life.
Specifically, housing costs in Boaz are 15% below the national average, with an index of 85. Groceries and utilities are slightly above average, at 95 and 90, respectively. Transportation costs are 20% lower, while healthcare costs are 12% lower. Miscellaneous expenses are also 8% below the national average. This balanced distribution of costs makes Boaz a cost-effective choice for many.
The cost of living index in Boaz, AL, reveals a generally favorable comparison to the nationwide average, which is set at 100. Housing costs in Boaz stand at 85, indicating that residents can expect to pay 15% less than the average American. This lower housing cost can be a significant advantage for those looking to settle in Boaz, potentially freeing up more of their budget for other essential expenses.
In addition to housing, the cost of groceries in Boaz is slightly below the average, with an index of 95. This means that grocery expenses are 5% less than the national average. Utilities also show a modest cost, with an index of 90, which is 10% lower than the nationwide average. Transportation costs are lower as well, with an index of 80, indicating a 20% savings compared to the average. Healthcare costs in Boaz are slightly below average, with an index of 88, meaning residents pay 12% less for healthcare services. Miscellaneous costs, with an index of 92, are 8% lower than the national average. Overall, Boaz offers a cost of living that is notably lower in several key areas, making it an attractive option for budget-conscious individuals.
