Elma, NY, offers a cost of living that is 86% of the nationwide average. This means residents can expect to spend less on most essentials compared to the national average. The housing index at 75% and miscellaneous costs at 80% are particularly favorable, making Elma a more affordable option for many.
The cost of living in Elma, NY, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Elma are notably lower, with an index of 75. This means residents spend 25% less on housing compared to the national average. Lower housing costs can make Elma an attractive option for those looking to save on one of the largest expenses.
Other areas also show a positive trend. Groceries in Elma have an index of 90, indicating a 10% savings compared to the national average. Utilities are slightly higher, but still affordable, with an index of 95. This means residents pay only 5% more for utilities. Transportation costs are at 85, which is 15% lower than the national average. Healthcare costs are also slightly lower, with an index of 88, meaning a 12% savings. Miscellaneous costs, which include items like clothing and entertainment, are at 80, showing a 20% reduction. Overall, Elma offers a cost-effective living environment in several key areas.
