Hanceville, AL, presents a cost of living index that is 88% of the nationwide average. This means that living expenses in Hanceville are slightly below the national standard. Specifically, housing costs about 20% less, while groceries, utilities, and transportation costs are 10%, 5%, and 15% less, respectively. However, healthcare costs match the national average.
Hanceville, AL, has a lower overall cost of living compared to the nationwide average. This city’s cost of living index stands at 88, which is 12% lower than the national average of 100. Housing costs in Hanceville are particularly affordable, with an index of 80. This means housing expenses are 20% less than the national average.
In addition to housing, the cost of groceries in Hanceville is 90, showing a 10% decrease from the average. Utilities cost 95, just 5% below the national average. Transportation costs are also slightly lower, with an index of 85, meaning they are 15% less than the nationwide average. Healthcare costs, however, match the national average at 100, offering no savings or additional costs. Miscellaneous expenses are at 88, indicating an 8% decrease compared to the national average. This data paints a clear picture of Hanceville's affordability across key living expenses.
