Caro, MI, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Caro stands at 87, which is 13% below the national average of 100. This makes Caro an attractive option for those seeking more affordable living expenses.
Specifically, housing costs in Caro are 25% lower than the national average, while groceries and utilities are slightly below the average at 12% and 5% lower, respectively. Transportation, healthcare, and miscellaneous costs are also below the national average, though by smaller margins.
Caro, MI, presents a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Caro stand at 75, indicating that residents can expect to pay 25% less than the national average. This reduction in housing expenses can be a significant advantage for those looking to settle in Caro, as it allows for a larger portion of their budget to be allocated to other essential needs or savings.
In addition to housing, Caro's other cost categories also show a favorable comparison to the national average. Groceries cost 88, which is 12% below the average. Utilities are priced at 95, just 5% above the national average. Transportation costs are at 90, meaning they are 10% below the average. Healthcare expenses in Caro are slightly higher, at 92, which is 2% above the national average. Miscellaneous costs are at 85, indicating a 15% savings compared to the national average. Overall, Caro offers a cost of living that is 15% below the national average, making it an attractive option for those seeking a more affordable lifestyle.
