Elma, NY, offers a cost of living that is generally lower than the nationwide average. The overall cost of living index for Elma is 89, which is 11% below the national average of 100. This makes Elma an attractive option for those looking to reduce their living expenses while maintaining a reasonable standard of living.
Specifically, housing costs in Elma are 20% lower than the national average, while groceries are only 5% below the average. Utilities and transportation also show modest savings, at 10% and 15% lower, respectively. Healthcare costs remain on par with the national average, and miscellaneous expenses are slightly below at 8%. This balanced profile makes Elma a practical choice for budget-conscious individuals.
The cost of living in Elma, NY, presents a favorable comparison to the nationwide average, which is set at 100. The housing index in Elma stands at 80, indicating that housing costs are 20% lower than the national average. This makes Elma an attractive option for those seeking more affordable living arrangements without sacrificing quality.
Additionally, the grocery index in Elma is 95, which is 5% lower than the national average. This suggests that residents can enjoy slightly cheaper grocery expenses. Utilities, with an index of 90, are 10% less expensive than the average, offering another area of savings. Transportation costs in Elma are at 85, meaning they are 15% below the national average. Healthcare costs remain on par with the national average at 100, ensuring that medical expenses are comparable to other areas. Lastly, miscellaneous costs, which include items like entertainment and personal care, are at 92, indicating a 8% reduction from the national average. Overall, Elma presents a cost of living that is notably lower than the national average in several key areas.
