The cost of living index in Herkimer, NY, is notably lower than the nationwide average of 100. Specifically, Herkimer's overall cost of living stands at 88, reflecting a 12% reduction compared to the national average. This lower cost is particularly evident in housing and utilities, which are 15% and 10% below the average, respectively.
The cost of living in Herkimer, New York, is notably lower than the nationwide average, which is set at 100. Housing costs in Herkimer stand at 85, which means residents pay 15% less than the average American. This reduction in housing expenses can make it easier for individuals and families to find affordable living arrangements.
Other expenses in Herkimer also reflect a lower cost of living. Groceries cost 95, which is 5% less than the national average. Utilities are priced at 90, meaning residents spend 10% less on these services. Transportation costs are at 88, which is 12% lower than the average. Healthcare expenses, at 92, are 8% below the national average. Miscellaneous costs are 82, indicating an 18% savings. Overall, Herkimer offers a cost-effective living environment for those considering relocation.
