The cost of living index in Canton, IL, shows a favorable comparison to the nationwide average, which is set at 100. Canton's housing index stands at 78, indicating that housing costs are 22% lower than the national average. This suggests that residents may find housing more affordable compared to other areas.
Other categories also reflect a generally lower cost of living. For instance, groceries cost 92, which is 8% lower, while utilities and transportation are at 90 and 85, respectively, showing 10% and 15% savings. Healthcare and miscellaneous costs are slightly higher, at 95 and 88, but still remain below the national average. Overall, Canton offers a cost-effective living environment for many residents.
The cost of living index in Canton, Illinois, presents a favorable comparison to the nationwide average, which is set at 100. Housing in Canton stands at 78, which is 22% lower than the national average. This suggests that residents of Canton can find more affordable housing options compared to the rest of the country. Lower housing costs can significantly reduce overall living expenses, making Canton an attractive option for those seeking a more budget-friendly lifestyle.
In addition to housing, other cost categories in Canton also show competitive rates. Groceries, utilities, and transportation have indices of 92, 90, and 85, respectively. These figures are slightly below the national average but remain close, indicating minimal additional costs in these areas. Healthcare, however, slightly exceeds the national average at 95, suggesting that while most living expenses are lower, healthcare costs are slightly more than the national norm. Overall, Canton offers a cost of living that is generally lower than the national average, making it a practical choice for those looking to manage their expenses effectively.
