Colonie, New York, has a higher cost of living compared to the nationwide average. The overall cost of living index in Colonie stands at 102, which is 2% higher than the national average of 100. Housing costs are notably higher, with an index of 110, making it 10% more expensive than the average. Groceries also show a slight increase, with an index of 105, which is 5% higher. Utilities, however, are slightly below the national average at 95, representing a 5% decrease.
Transportation and healthcare costs in Colonie are close to the national average, with indices of 102 and 101, respectively. Miscellaneous costs are slightly lower, at 98, which is a 2% decrease. This data suggests that while some expenses in Colonie are higher, others are comparable or lower than the national average.
The cost of living in Colonie, NY, shows a mixed picture when compared to the nationwide average. Housing costs in Colonie stand at 110, which is 10% higher than the average. This means that housing expenses, such as rent or mortgage payments, are significantly more expensive in Colonie compared to the rest of the country. For those considering a move, this increase could impact overall budget planning.
Other areas also reflect varying costs. Groceries in Colonie are priced at 105, which is 5% higher than the national average. This slight increase suggests that food expenses will be marginally more than the average. Utilities, however, are slightly lower, with a cost of living index of 95, meaning they are 5% cheaper than the average. Transportation costs are close to the average, with an index of 102, indicating a 2% increase. Healthcare costs are nearly on par with the average at 101, showing a 1% increase. Miscellaneous expenses are at 98, which is 2% lower than the average. This data provides a clear view of where Colonie stands in terms of cost of living compared to the national average.
