Canton, NC, offers a favorable cost of living compared to the nationwide average, which is set at 100. The overall cost of living index for Canton stands at 88, indicating an 12% lower cost of living. This makes Canton an attractive option for those seeking affordability in housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses.
Canton’s housing index, at 80, shows a 20% savings compared to the average. The groceries, utilities, and miscellaneous indexes also fall under the national average by 5%, 10%, and 13%, respectively. While transportation costs are slightly lower at 15%, healthcare remains on par, which adds to the overall appealing cost structure for potential residents.
Exploring the cost of living index in Canton, North Carolina, reveals some interesting insights for potential residents. When compared to the nationwide average, which is set at 100, Canton's housing index stands at 80. This means housing costs are 20% lower than the national average. People moving to Canton can expect to pay less for their homes or rent, offering a potential savings opportunity.
Across other categories, Canton continues to present favorable comparisons. For example, groceries in Canton have an index of 95, suggesting a 5% lower cost than the national average. Utilities, which are crucial for daily living, also show a slightly lower cost at 90, which is 10% below the nationwide average. Transportation costs are at 85, meaning they are 15% lower than average. Healthcare, however, matches the national average exactly at 100, providing no additional cost savings or increases. Miscellaneous costs, which include various other expenses, are at 87, indicating a 13% reduction from the national average. These findings suggest that Canton offers a relatively affordable lifestyle compared to the national average.
