The cost of living index in Gooding, Idaho, is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Gooding stands at 90, reflecting a 10% reduction compared to the national benchmark. This lower cost of living makes Gooding an attractive option for job seekers looking to maximize their purchasing power.
Housing costs in Gooding are 15% below the national average, while groceries and miscellaneous expenses are slightly below at 10% and 12% respectively. Utilities and transportation costs are also lower, at 5% and 8% below the national average. Healthcare costs, however, are slightly higher, at 7% above the national average. This balanced mix of lower and slightly higher costs provides a favorable living environment for those considering a move to Gooding.
The cost of living in Gooding, Idaho, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Gooding stand at 85, which is 15% lower than the national average. This suggests that residents can find more affordable housing options, making it easier to manage living expenses.
Other areas also show Gooding's cost of living below the national average. Groceries cost 90, which is 10% less than the average. Utilities are at 95, just 5% above the national average. Transportation costs are slightly higher, at 92, which is 8% below the average. Healthcare costs are 97, which is 7% above the average. Miscellaneous expenses are at 88, which is 12% lower than the average. Overall, Gooding's cost of living is competitive, offering savings in several key areas.
