The cost of living index in Boonville, IN, shows a mixed picture compared to the nationwide average of 100. Housing costs in Boonville stand at 81, which is 19% below the national average. This suggests that housing expenses are notably lower in Boonville.
Other categories like groceries, utilities, transportation, healthcare, and miscellaneous items range from 85 to 97. These figures indicate that while some expenses are slightly below the national average, others are close to or slightly above it. Overall, Boonville offers a balanced cost of living with some areas providing savings and others being comparable to the national average.
The cost of living in Boonville, Indiana, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Boonville stand at 81, indicating that residents can expect to pay 19% less than the average American. This lower housing expense can be a significant advantage for individuals and families looking to manage their budgets more effectively.
Additionally, the grocery costs in Boonville are slightly below the national average, with an index of 90. This means that grocery expenses are 10% cheaper than the average. Utilities also show a slight advantage, with an index of 95, meaning residents pay 5% less for utilities. Transportation costs are nearly on par with the national average at 97, which is only 3% less. Healthcare costs, however, are slightly lower at 85, indicating a 15% savings. Miscellaneous expenses are also slightly below the national average at 92, representing an 8% savings. Overall, Boonville offers a cost of living that is competitive and often more affordable than the national average.
