The cost of living in Boonville, IN, is notably lower than the nationwide average. Specifically, Boonville’s cost of living index stands at 87, which means residents generally spend about 13% less than the average American. This lower cost of living across various categories, from housing to miscellaneous expenses, makes Boonville an attractive option for those seeking more affordable living conditions.
The cost of living in Boonville, Indiana, provides a mix of expenses that are both above and below the nationwide average, which is set at 100. One area where residents benefit is housing, with an index of 75. This means that housing costs are 25% lower than the national average, making it an attractive option for those looking to save on their living expenses. Lower housing costs can make it easier for individuals and families to find affordable options without sacrificing too much in other areas.
In contrast, other expenses in Boonville vary around the national average. Groceries, for instance, have an index of 88, meaning they are 8% less expensive than the average across the country. Utilities also follow closely at 92, which indicates a 2% increase. Transportation costs are similar to the national average at 87, which is 3% lower. Healthcare and miscellaneous expenses are slightly higher, with indices of 95 and 84 respectively. These figures suggest that while housing is notably cheaper, other necessities like healthcare and miscellaneous items are slightly more costly. Job seekers should weigh these factors when considering a move to Boonville.
