Ferdinand, Indiana, boasts a cost of living index that reflects lower expenses compared to the nationwide average. The overall cost of living index in Ferdinand is 92, which is 8% below the national benchmark of 100. This reduction spans across various categories, including housing at 87, groceries at 94, utilities at 98, transportation at 92, healthcare at 96, and miscellaneous expenses at 90. Job seekers looking at relocating to Ferdinand can expect to find living expenses that are more affordable than the national average, potentially easing the financial burden of settling in a new area.
Ferdinand, Indiana, presents a cost of living index that is slightly below the nationwide average. The housing index stands at 87, indicating that expenses related to housing are 13% lower than the national average. This can make housing in Ferdinand a more affordable option for those relocating to the area. Additionally, groceries cost 94, which is 6% less than the average, offering potential savings in everyday household spending.
Utilities, transportation, healthcare, and miscellaneous costs in Ferdinand are nearly on par with the national average. The utilities index is at 98, meaning costs are 2% above the national average. Transportation costs, at 92, are 8% lower, providing some relief in commuting expenses. Healthcare, with an index of 96, is 4% below the average, potentially reducing the burden of medical expenses. Miscellaneous costs, at 90, are 10% lower, adding to the overall affordability of living in Ferdinand. These figures highlight a cost of living that is competitively balanced and offers potential savings in several key areas.
