Henry, IL, presents a cost of living index that is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Henry stands at 87, reflecting a 13% decrease from the national benchmark. This reduction is primarily due to lower housing costs, which account for 80% of the national average, and slightly lower transportation costs, which stand at 85%.
The lower cost of living in Henry, IL, makes it an attractive option for job seekers looking to maximize their purchasing power. While some categories like groceries and healthcare remain close to the national average, the significant savings in housing and utilities provide a compelling advantage. This balance offers a practical and cost-effective living environment for those considering relocation.
The cost of living in Henry, IL, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Henry are notably lower, with an index of 80. This means that housing expenses are 20% less than the national average. For job seekers, this could translate into more affordable living arrangements, allowing for a greater portion of their income to be allocated to other necessities or savings.
In addition to housing, other cost categories in Henry also show competitive pricing. Groceries, for instance, have a cost of living index of 90, indicating they are 10% less expensive than the national average. Utilities, with an index of 95, are only 5% higher. Transportation costs, at 85, are 15% lower, which can be a significant saving for those who rely on personal vehicles. Healthcare, with an index of 92, is slightly above the average at 2% higher, but still remains relatively affordable. Miscellaneous expenses, at 88, are 12% lower than the national average. Overall, Henry offers a cost of living that is generally lower than the national average, making it an attractive option for many job seekers.
