Bonifay, Florida, boasts a cost of living index that is notably lower than the nationwide average. With a cost of living index of 92, this means residents pay 8% less compared to the national average of 100. The data reflects that housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses all fall slightly below the average, making Bonifay an attractive location for those seeking a more affordable lifestyle.
Bonifay, Florida, offers a cost of living index that is slightly lower than the nationwide average, which is set at 100. The housing index in Bonifay stands at 87, which means residents can expect to pay about 13% less for housing compared to the national average. This lower housing cost makes Bonifay an attractive option for those looking to save on living expenses while still enjoying a comfortable lifestyle.
In other areas, Bonifay's cost of living remains close to the national average. The groceries index is at 95, which is only 5% below the average, indicating that food costs are nearly on par with the rest of the country. Utilities in Bonifay are slightly above average at 98, representing a 2% increase. Transportation costs are also close to the national average, with an index of 90, showing a 10% decrease. Healthcare costs are slightly below the national average at 92, which is an 8% reduction. Miscellaneous costs, which include things like entertainment and personal care, are at 89, reflecting an 11% decrease. Overall, Bonifay presents a favorable cost of living, with most expenses being lower than the national average.
