Broadway, VA, presents a favorable cost of living, coming in at 91% of the nationwide average of 100. This figure indicates that residents can expect lower expenses in most categories compared to the national standard. Housing, groceries, and utilities are particularly notable, with costs sitting at 85%, 95%, and 90% of the national average, respectively.
In summary, Broadway offers a cost of living that is 9% below the national average, making it an attractive option for those seeking more affordable living conditions.
Broadway, VA, offers a cost of living index that reflects both advantages and areas for consideration. Housing in Broadway stands at 85, which is 15% lower than the nationwide average of 100. This makes Broadway an attractive option for those seeking more affordable living arrangements. Despite the lower housing index, it is essential to balance this with other factors such as grocery costs, which are slightly higher at 95—5% above the national average.
Transportation and utilities in Broadway also mirror close to the national average. Transportation costs are at 92, a mere 2% over the average, while utilities are at 90, a 10% increase. Healthcare costs in Broadway are slightly lower, at 88, which is 12% below the national average. This can be a significant factor for those considering long-term living expenses. Miscellaneous costs in Broadway are at 93, 3% higher than the national average, reflecting minor additional expenses on daily goods and services. Overall, Broadway presents a balanced cost of living with certain areas offering savings and others requiring more attention.
