The cost of living in Hanceville, AL, is notably lower than the nationwide average. The overall cost of living index for Hanceville stands at 87, which is 13% lower than the national average of 100. This reduction is primarily driven by the housing index, which is 22% below the average. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses also show lower costs, making Hanceville an attractive option for budget-conscious individuals.
The cost of living in Hanceville, AL, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Hanceville stand at 78, indicating that residents can expect to pay about 22% less than the national average for housing. This lower housing index can be a significant advantage for those looking to settle in Hanceville, as it provides more affordability without compromising on living standards.
Other essential expenses also reflect a positive trend. Groceries in Hanceville are priced at 90, which is 10% less than the average. Utilities, at 95, are just 5% above the national average, making daily living more manageable. Transportation costs are at 85, which is 15% lower than the national average, offering savings for those who rely on personal vehicles. Healthcare, with an index of 95, is nearly on par with the national average, ensuring that medical expenses remain reasonable. Miscellaneous costs, at 88, are 12% below the average, further contributing to the overall affordability of living in Hanceville.
