Garrett, IN, offers a lower cost of living compared to the nationwide average, which is set at 100. The overall cost of living index for Garrett stands at 83, indicating that residents can expect to spend about 17% less than the national average. This reduction is primarily driven by the housing index, which is 40% below the national average.
While other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses are also slightly below the national average, they contribute to a more balanced cost of living. This makes Garrett an attractive option for those seeking affordability without sacrificing essential services.
Garrett, Indiana, has a cost of living index that varies across different categories when compared to the nationwide average, which is set at 100. Housing in Garrett is notably lower, with an index of 60. This means that housing costs are 40% less than the national average. For job seekers, this presents a significant advantage in terms of affordability, making it easier to manage housing expenses.
Other categories also show differences from the national average. Groceries in Garrett have an index of 88, which is 12% lower than the national average. Utilities are slightly above average at 90, indicating a 10% increase. Transportation costs are at 85, which is 15% lower. Healthcare costs are higher, with an index of 95, showing a 5% increase. Miscellaneous costs, which include items like entertainment and personal care, are at 80, which is 20% lower than the national average. Overall, Garrett offers a mix of lower and higher costs, providing various opportunities for cost savings and financial planning.
