Henry, IL, has a cost of living index that reflects both its affordability and potential savings for residents. The overall index stands at 85, 5% below the nationwide average of 100. This suggests that, generally, living expenses in Henry are lower than the national average.
Specific categories show varied results. Housing is notably cheaper, at 75, which is 25% below the national average. This could attract individuals looking to minimize housing costs. Groceries and healthcare remain close to the average, with indices at 90 and 95 respectively, offering little fluctuation in these essential areas. Utilities and transportation also present reasonable values, at 85 and 80, signaling consistent savings in these sectors.
Henry, Illinois, has a cost of living index that is notably lower than the nationwide average of 100. Specifically, the housing index stands at 75, indicating that housing costs in Henry are 25% less than the national average. This lower housing cost can make Henry an attractive option for those seeking more affordable living arrangements. Additionally, groceries in Henry are priced at 90 on the index, which means they are 10% less expensive than the national average, offering a small but notable saving for residents.
Other expenses also reflect Henry's favorable cost of living. Utilities cost 85 on the index, meaning they are 15% below the national average. Transportation costs are at 80, suggesting an 20% savings compared to nationwide prices. Healthcare, which is often a significant expense, is priced at 95, only 5% above the national average, making it slightly more affordable than many other regions. Miscellaneous costs are also relatively lower, with an index of 88, indicating an overall 12% reduction in these expenses. Together, these factors create a cost of living environment in Henry that is generally more affordable than the national average, making it an appealing choice for many job seekers and families.
