Boyne Falls, MI, offers a cost of living that is slightly below the nationwide average. The overall cost of living index stands at 89, indicating that expenses are generally 11% lower than the national average of 100. This data suggests that residents may find certain costs, such as housing and utilities, more affordable compared to many other areas across the country.
Specific categories like groceries and healthcare are close to the average, with indexes of 95 and 92, respectively. In contrast, housing costs are notably lower, with an index of 85. This information can be valuable for job seekers looking at relocation options.
The cost of living index in Boyne Falls, Michigan, provides a clear picture of how living expenses compare to the national average. With a cost of living index set at 100 for the nation, Boyne Falls offers a more affordable alternative in several areas. Housing, for instance, has an index of 85, meaning housing costs are 15% lower than the national average. This makes it an attractive option for those looking to reduce their housing expenses.
Other areas also reflect similar trends. Groceries in Boyne Falls have an index of 95, which is 5% lower than the national average. Utilities cost 10% less, with an index of 90. Transportation costs slightly less as well, with an index of 88, which is 12% below the average. Healthcare costs are close to the average, with an index of 92, just 8% lower. Miscellaneous expenses have an index of 87, representing 13% savings compared to the national average. Overall, Boyne Falls provides a cost-effective living environment with various expenses lower than the nationwide average.
