Ferdinand, IN, has a cost of living index that is slightly below the nationwide average. The overall index stands at 88, which is 12% lower than the national average of 100. This means that, on average, residents in Ferdinand can expect to spend less on most goods and services compared to the rest of the country.
Specifically, housing costs in Ferdinand are 15% lower than the national average, while groceries are only 10% below. Utilities are slightly higher, at 5% above the national average. Transportation costs are 20% lower, and miscellaneous expenses are 12% below the national average. Healthcare costs remain on par with the national average.
The cost of living in Ferdinand, Indiana, presents a mix of affordability and moderate expenses when compared to the nationwide average. The housing index in Ferdinand stands at 85, which is 15% lower than the average cost of living. This suggests that housing costs in Ferdinand are more affordable, making it an attractive option for those looking to save on their monthly expenses. Similarly, the transportation index is 80, indicating a 20% reduction from the national average, which can be a significant saving for residents who rely on personal vehicles.
Ferdinand also shows a relatively low cost in miscellaneous expenses, with an index of 88, which is 12% below the national average. This lower cost can be beneficial for those who spend on items like entertainment, dining out, and personal care. Groceries in Ferdinand have an index of 90, which is only 10% below the average, suggesting that food costs are nearly on par with the national average. Utilities, however, are slightly above average at 95, indicating a 5% increase. Healthcare costs remain consistent with the national average, with an index of 100, ensuring that residents have access to similar healthcare services without additional financial strain. Overall, Ferdinand offers a balanced cost of living with several areas where expenses are lower than the national average.
