The cost of living index in Gloucester, VA, is notably lower than the nationwide average, which is set at 100. Specifically, Gloucester's overall cost of living stands at 89, reflecting a 11% reduction compared to the national benchmark. This lower cost of living is particularly evident in housing, where the index is 85, indicating a 15% decrease.
The cost of living index in Gloucester, VA, presents a favorable comparison to the nationwide average, which is set at 100. Gloucester's housing index stands at 85, which means housing costs are 15% lower than the national average. This lower housing cost can be a significant advantage for job seekers looking to maximize their budget.
In addition to housing, Gloucester's grocery index is 90, indicating that grocery expenses are only 10% below the national average. Utilities in Gloucester are slightly above average at 95, which means they are 5% higher. Transportation costs are also close to the national average, with an index of 92, showing a 8% lower cost. Healthcare costs in Gloucester are 88, which is 12% below the national average. Miscellaneous expenses, with an index of 90, are 10% lower than the national average. Overall, Gloucester offers a cost of living that is competitive and often more affordable than the national average in several key areas.
