Frankfort, IN, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Frankfort stands at 93, which is 7% below the national average of 100. This makes Frankfort an attractive option for those seeking more affordable living conditions.
Specifically, housing costs in Frankfort are 15% lower than the average, while groceries and utilities are only slightly below the national average. Transportation costs are 10% lower, and healthcare costs are 10% higher. Miscellaneous expenses are also 8% below the national average. This balanced distribution makes Frankfort a cost-effective choice for many.
The cost of living in Frankfort, Indiana, presents a mix of affordability and higher expenses compared to the nationwide average. Housing costs in Frankfort stand at 85 on the cost of living index, which is 15% lower than the national average of 100. This suggests that residents can find housing that is more affordable, potentially saving a significant portion of their income.
Other areas, however, show a different picture. Groceries in Frankfort are priced at 95 on the index, which is 5% higher than the national average. Utilities also mirror the national average at 95, indicating no significant savings or increases. Transportation costs are slightly lower, at 90, which means residents can save 10% on commuting expenses. Healthcare costs are notably higher, with an index of 110, indicating a 10% increase over the national average. Miscellaneous expenses are at 92, which is 2% higher than the national average. Overall, while housing offers savings, other areas like healthcare and groceries present higher costs.
