The cost of living index in China Grove, NC, is notably lower than the nationwide average. Specifically, the overall cost of living stands at 92, which is 8% lower than the national average of 100. Housing costs in China Grove are 15% below the national average, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are slightly lower to 5% higher than the average. This makes China Grove an attractive location for those seeking a more affordable lifestyle.
The cost of living index in China Grove, NC, presents a range of affordability compared to the nationwide average, which stands at 100. Notably, housing costs in China Grove are 15% lower than the national average, with an index score of 85. This suggests that residents can expect to spend less on housing, which often represents a significant portion of a household's budget.
Additionally, the cost of groceries in China Grove is slightly lower than the national average. The grocery index score is 95, meaning prices are 5% below the nationwide average. This is beneficial for families and individuals who spend a considerable amount on food. Utilities and transportation costs also align closely with the national average, with scores of 90 and 93, respectively. Healthcare costs are slightly higher, with an index of 97, indicating a 3% increase compared to the national average. Miscellaneous expenses show an index of 92, which is 8% below the national average. Overall, China Grove offers a cost-effective living environment with most expenses falling near or below the national average, making it an attractive option for budget-conscious residents.