Gooding, ID, has a cost of living index that is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Gooding stands at 91, which is 9% below the national average. This lower cost of living makes Gooding an attractive option for those seeking more affordable living expenses.
Breaking it down, housing costs in Gooding are 16% below the average, while groceries and utilities are slightly above the national average. Transportation, healthcare, and miscellaneous costs also remain close to the national average, offering a balanced perspective on living expenses in the area.
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 84, indicating that residents can expect to pay 16% less than the national average for housing. This lower housing index can be a significant advantage for those looking to manage their living expenses more effectively.
In other areas, Gooding also shows competitive costs relative to the national average. For instance, groceries cost 92, which is 8% less than the average. Utilities, at 95, are just 5% above the national average, making them quite affordable. Transportation costs are slightly higher, at 98, but only 2% more than the average. Healthcare costs in Gooding are 88, which is 12% below the average, offering potential savings in this essential area. Miscellaneous costs are at 90, reflecting a 10% lower expense compared to the national average. Overall, Gooding provides a cost-effective living environment in several key areas.
