The cost of living index in Charles City, IA, shows a generally lower cost compared to the nationwide average. Housing costs are 25% lower, while groceries and utilities are slightly below the average at 10% and 5% lower, respectively. Transportation and miscellaneous costs are also lower by 15% and 20%, respectively, though healthcare costs match the national average. This data suggests that living in Charles City can be more affordable in several key areas.
The cost of living in Charles City, IA, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Charles City are notably lower, with an index of 75. This means residents can expect to spend 25% less on housing compared to the average American. Lower housing costs can significantly reduce overall living expenses, making Charles City an attractive option for those seeking affordability without sacrificing quality of life.
In addition to housing, other cost categories in Charles City also show competitive rates. Groceries, for instance, have an index of 90, indicating a 10% savings compared to the national average. Utilities are slightly above average at 95, which is a modest 5% increase. Transportation costs are at 85, meaning residents spend 15% less on getting around. Healthcare costs remain on par with the national average at 100, ensuring no extra burden in this critical area. Miscellaneous expenses, with an index of 80, reflect a 20% savings. Overall, Charles City offers a cost of living that is more affordable in several key areas, making it a smart choice for those looking to manage their budget effectively.
