The cost of living index in Canfield, OH, stands at 88, which is 8% below the nationwide average of 100. This lower index suggests that residents may find expenses for housing, groceries, utilities, transportation, healthcare, and miscellaneous items to be more affordable compared to the national average.
The cost of living in Canfield, OH, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Canfield stand at 80, which is 20% lower than the average. This makes housing more affordable for residents and job seekers considering the area. Lower housing costs can significantly reduce overall living expenses, making Canfield an attractive option for those looking to balance cost with quality of life.
In other areas, Canfield also shows competitive costs. Groceries cost 90, which is 10% lower than the national average. Utilities are priced at 95, just 5% above the average. Transportation costs are at 85, which is 15% lower. These figures indicate that daily expenses for food, energy, and commuting are relatively manageable. Healthcare costs are slightly above average at 88, which is 12% lower, offering a small but notable benefit. Miscellaneous costs, at 92, are 2% below the average, rounding out the overall cost of living picture. These factors combine to make Canfield an appealing choice for those seeking a balanced and affordable living environment.
