Fredericktown, MO, boasts a cost of living index that is notably lower than the nationwide average of 100. Specifically, the overall cost of living index for Fredericktown is 84, indicating that residents can expect to spend 16% less on average compared to the national average. This makes Fredericktown an attractive option for those looking to reduce their living expenses.
Breaking it down, housing in Fredericktown costs 25% less than the national average, groceries are 10% cheaper, and utilities are 5% less expensive. While transportation and healthcare costs are slightly higher, the miscellaneous category shows that residents can still save about 12% on other expenses. This detailed comparison highlights the affordability benefits of living in Fredericktown, Missouri.
Fredericktown, MO, presents a favorable cost of living compared to the nationwide average, which is indexed at 100. Housing in Fredericktown stands at 75, which means it costs 25% less than the national average. This makes living expenses more manageable for residents, especially for those looking to settle down in a more affordable area. Additionally, groceries cost 90% of the nationwide index, indicating only a 10% difference. This slight increase does not significantly impact the overall affordability of daily food purchases.
Utilities, another critical cost, are slightly higher in Fredericktown, indexed at 95. This translates to only 5% more than the national average. Transportation costs are also relatively competitive at 85, which is 15% less than the average. Healthcare, a crucial aspect of living expenses, shows Fredericktown at 80, indicating a 20% lower cost compared to the nationwide index. Miscellaneous expenses are indexed at 88, which is 12% less than the national average. Overall, Fredericktown offers a cost of living that is lower than the national average in most categories, making it a practical choice for job seekers looking to optimize their budget.
