Frankfort, IN, shows a cost of living index of 86, which is 14% lower than the nationwide average of 100. Lower housing costs, at 74, contribute significantly to this advantage. Job seekers will find that expenses in other areas, such as groceries and healthcare, also tend to be reasonable, offering a balanced and affordable living experience.
Frankfort, IN, stands out with a cost of living that is notably lower than the nationwide average. With the national average set at 100, Frankfort's overall cost of living index rests at 84. This means that residents in Frankfort generally experience 16% lower expenses compared to the average American. The housing sector in Frankfort shows an even more significant difference, with an index of 74, indicating a 26% reduction from the national average. This makes housing in Frankfort one of the most affordable components of the cost of living index.
In addition to housing, several other categories in Frankfort also remain below the national average. Utilities cost 10% less, while transportation expenses are 15% lower. Groceries in Frankfort cost 6% less than the national average, offering some relief for grocery budgets. Healthcare costs are only 5% below the national average, providing a balanced view of expenses. Miscellaneous costs, such as entertainment and personal care, are slightly below the average at 12% less. This comprehensive analysis reveals that Frankfort provides a cost-effective lifestyle, particularly in housing and utilities, which can be very attractive for job seekers.
