Elma, NY, offers a lower cost of living compared to the nationwide average, which is set at 100. Specifically, the overall cost of living index for Elma stands at 86. This means residents can expect to spend 14% less than the national average on their daily expenses.
Breaking down the cost of living categories, Elma shines in housing with an index of 75, making it 25% cheaper than the national average. Groceries and utilities are also relatively affordable, with indexes of 95 and 90, respectively. However, healthcare costs mirror the national average at 100. Transportation and miscellaneous expenses show slightly lower indexes of 85 and 80, suggesting potential savings in these areas as well.
The cost of living in Elma, NY, shows a mixed picture when compared to the nationwide average, which is indexed at 100. Housing costs are notably lower, with Elma’s index at 75. This means residents can expect to pay about 25% less for housing than the average American. While this is a significant advantage, it's important to consider other expenses.
Other living costs in Elma, NY, also differ from the national average. Groceries, for instance, are at 95, which is 5% less expensive than average. Utilities cost around 90, meaning they are 10% less than the nationwide average. Transportation costs are at 85, which is 15% lower. However, healthcare costs match the national average at 100, offering no savings or extra costs. Miscellaneous expenses are at 80, indicating a 20% reduction from the national average. Overall, Elma presents a generally lower cost of living, especially in housing and miscellaneous items, though some categories like groceries and utilities remain close to the average.
