Caro, MI, offers a cost of living that is notably lower than the nationwide average. The cost of living index in Caro stands at 85, which is 15% below the national benchmark of 100. This lower cost of living makes Caro an attractive option for job seekers looking to maximize their purchasing power.
Housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses all contribute to this lower cost of living. For instance, housing costs in Caro are 23% below the national average, while groceries are 11% below. Utilities and transportation are slightly above the national average, but healthcare and miscellaneous expenses remain below it. This balanced distribution across categories makes Caro a cost-effective place to live.
Caro, MI, offers a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Caro stand at 77, which means residents pay about 23% less than the average American. This lower housing index can be a significant advantage for those looking to save money or invest in other areas.
In addition to housing, Caro's grocery costs are also below the national average, with an index of 89. This represents a savings of 11% compared to the nationwide average. Utilities in Caro are slightly above average, with an index of 95, indicating a modest increase of 5%. Transportation costs in Caro are at 85, which is 15% less than the national average. Healthcare costs are slightly lower than the average, with an index of 90, saving residents about 10%. Miscellaneous expenses, with an index of 80, show a 20% reduction compared to the national average. Overall, Caro provides a cost-effective living environment for many of its residents.
