The cost of living index in Grenada, MS, is notably lower than the nationwide average. Specifically, the cost of living index in Grenada is 88, which is 12% lower than the national benchmark of 100. This reduction makes it more affordable for residents in areas such as housing and utilities, while still maintaining reasonable prices for groceries, healthcare, and miscellaneous expenses.
Each category shows that Grenada offers savings compared to the average American city. For instance, housing costs 20% less, and utilities are only 5% above the nationwide cost. This overall lower cost of living provides a compelling advantage for potential job seekers and families considering relocating to Grenada, MS.
The cost of living index in Grenada, Mississippi, offers a favorable comparison to the nationwide average, which is set at 100. Housing in Grenada is notably affordable, with an index of 80, meaning residents can expect to spend 20% less on housing compared to the national average. This reduced housing cost can significantly ease the financial burden for many individuals and families, allowing more disposable income for other essentials.
Moreover, other living costs in Grenada remain competitively low. Groceries in Grenada have an index of 90, indicating a modest 10% increase from the national average. Utilities are slightly lower at 95, which suggests residents spend only 5% more on utilities. Transportation costs also mirror the national average closely, with an index of 85, meaning residents save 15% on transportation expenses. Healthcare costs are slightly above average with an index of 92, but the 2% increase is relatively minimal. Finally, miscellaneous expenses stand at an index of 88, which means residents spend 12% less on other living costs. Overall, the cost of living in Grenada, MS, presents an attractive option for those seeking affordability without sacrificing quality of life.
