The cost of living index in Frankfort, IN, shows a generally lower cost compared to the nationwide average, which is set at 100. The housing index stands at 80, indicating that housing is 20% cheaper than the national average. Other categories like groceries, utilities, and miscellaneous also show lower costs, with indices of 90, 95, and 92, respectively. This suggests that living in Frankfort, IN, is more affordable in several key areas compared to the national average.
The cost of living in Frankfort, Indiana, presents a favorable comparison to the nationwide average. Housing, a significant expense, stands at 80 on the index, which is 20% lower than the national average. This means residents can expect to spend less on housing compared to the average American. Groceries, another essential cost, are at 90 on the index, only 10% below the average. This slight difference suggests that grocery prices in Frankfort are nearly on par with the rest of the country.
Utilities in Frankfort are priced at 95 on the index, which is 5% higher than the national average. This indicates that while utilities are relatively affordable, they are slightly more expensive than the average. Transportation costs are at 85 on the index, 15% lower than the average, making it cheaper to get around in Frankfort. Healthcare costs remain consistent with the national average at 100 on the index. Miscellaneous costs, which include items like clothing and entertainment, are at 92 on the index, 8% below the average. Overall, Frankfort offers a cost of living that is competitive with the national average, with some areas offering savings and others slightly higher expenses.
