Hampstead, NC, shows a cost of living index that is slightly below the nationwide average. The overall index stands at 91, which is 9% lower than the national benchmark of 100. This suggests that residents in Hampstead can expect to spend less on most living expenses compared to the average American.
The specific categories reveal that housing costs in Hampstead are 13% lower than the national average, while groceries and utilities are only slightly below the average. Transportation, healthcare, and miscellaneous expenses also hover around 7% below the national average. This data indicates that Hampstead offers a more affordable living experience in several key areas.
Hampstead, NC, offers a cost of living that is slightly lower than the nationwide average. The housing index in Hampstead stands at 87, which is 13% below the national average. This means that housing expenses in Hampstead are more affordable compared to the rest of the country. For job seekers, this can be a significant advantage, as lower housing costs can free up more of their budget for other needs.
In addition to housing, other cost categories in Hampstead also show a similar trend. The grocery index is 95, which is 5% below the national average. Utilities cost 90, which is 10% lower. Transportation costs are at 93, just 7% below the average, making it relatively easy to get around. Healthcare costs are 88, which is 12% lower than the national average. Lastly, miscellaneous expenses are at 92, which is 8% below the average. Overall, Hampstead provides a cost-effective living environment for those looking to relocate or start a new job.
