The cost of living index in Canton, IL, shows a below-average living cost compared to the nationwide average of 100. Specifically, Canton's index stands at 89, indicating that residents generally spend less on living expenses. This is due to lower costs in housing, transportation, and utilities, which are at 85, 88, and 95, respectively.
In comparison, groceries, healthcare, and miscellaneous costs in Canton are slightly higher, at 92, 90, and 87. The lower overall index presents an attractive proposition for job seekers looking to reduce their living expenses.
The cost of living in Canton, IL, presents some distinct differences when compared to the nationwide average, which is indexed at 100. Canton's housing costs are notably lower, standing at an index of 85. This indicates that housing expenses are 15% cheaper than the national average, offering potential savings for residents. Similarly, transportation costs in Canton sit at 88, reflecting an 12% reduction from the nationwide figure.
Other expenses also compare favorably in Canton. For instance, groceries are priced at an index of 92, which is 8% below the national average. Utilities, including electricity and gas, are at 95, only 5% higher than average. Healthcare costs, at 90, are just 10% under the national average, while miscellaneous expenses are at 87, 13% less. Together, these factors show that Canton, IL, provides a cost of living that is generally more affordable than the national average in several important categories.
