The cost of living index in Canton, NC, shows a mixed picture when compared to the nationwide average of 100. Housing and transportation costs are notably lower, with indices of 85, suggesting savings in these areas. However, groceries and utilities are slightly below the average at 95 and 90, respectively, while healthcare costs match the national average. This data indicates that Canton offers a balanced living experience with some areas providing cost advantages.
The cost of living in Canton, North Carolina, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Canton stand at 85, indicating a 15% reduction from the national average. This makes housing more affordable for residents and job seekers considering a move to the area. Lower housing expenses can significantly ease the financial burden, allowing for more disposable income to be allocated to other essential needs.
In addition to housing, the cost of groceries in Canton is slightly below the national average, with an index of 95. This represents a 5% decrease, offering some relief to those managing household budgets. Utilities and transportation also show a slight dip, with indices of 90 and 85, respectively. These figures translate to savings of 10% and 15% compared to the national average. Healthcare costs, however, align perfectly with the national average at 100, ensuring that medical expenses remain consistent with what one might expect elsewhere. Overall, Canton provides a cost-effective living environment, particularly in housing and transportation, making it an attractive option for those looking to balance affordability with quality of life.
