Broadway, VA, shows a cost of living index that is slightly below the nationwide average of 100. The overall cost of living index for Broadway stands at 91, reflecting a 9% decrease compared to the national average. This suggests that residents in Broadway can expect to spend less on most living expenses than the average American.
Specifically, housing costs in Broadway are 15% lower than the national average, while groceries and utilities are only marginally lower at 10% and 5%, respectively. Transportation and healthcare costs are slightly higher, at 2% and 7% above the national average. Miscellaneous expenses are 12% lower, making them more affordable for residents.
Broadway, VA, presents a cost of living index that is slightly below the nationwide average. The overall cost of living in Broadway is 90, compared to the national average of 100. This means that residents in Broadway generally spend about 10% less on their daily expenses than the average American. Housing costs in Broadway are notably lower, with an index of 85, which is 15% below the national average. This makes it an attractive option for those looking to save on housing expenses.
In other areas, Broadway's cost of living remains close to the national average. For example, groceries have an index of 90, just 10% below the national average. Utilities are slightly higher, with an index of 95, which is 5% above the average. Transportation costs are also 8% below the national average, with an index of 92. Healthcare costs are slightly higher, at 97, which is 7% above the average. Miscellaneous expenses have an index of 88, which is 12% below the national average. Overall, Broadway offers a balanced cost of living that is favorable for many residents.
