Green Cove Springs, FL, offers a favorable cost of living compared to the nationwide average. Specifically, the city's cost of living index stands at 94, which is 6% lower than the average of 100. This means residents can expect to spend slightly less on most daily expenses, with only healthcare costs slightly exceeding the average.
Each category on the index reflects Green Cove Springs' affordability. Housing, groceries, and utilities each score below the national average, contributing to the overall lower index. Transportation costs are also slightly below the average, while healthcare costs rise to 105, slightly above the baseline. Miscellaneous expenses remain close to the average at 98, suggesting that overall, Green Cove Springs provides a more economical living environment.
Green Cove Springs, FL, presents a cost of living index that is generally favorable when compared to the nationwide average, which is set at 100. Among the various categories, housing costs in Green Cove Springs stand at 90, which is 10% below the national average. This reduction makes it an attractive option for those looking to minimize their housing expenses.
Additionally, other essential areas such as groceries and utilities closely follow this trend. The groceries index in Green Cove Springs is at 95, which is just 5% lower than the national average. Utilities are slightly above average at 97, indicating only a minor increase. Transportation costs are also lower, with an index of 92, meaning 8% less than the national standard. Healthcare costs, however, are slightly higher, indexed at 105, reflecting a 5% increase. Miscellaneous expenses are at 98, showing a minimal increase of 2% compared to the national average. Overall, Green Cove Springs offers a more affordable lifestyle in several key areas, making it a smart choice for budget-conscious individuals.
