Herkimer, NY, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Herkimer is 85. This means residents can expect to spend about 15% less than the national average on their daily expenses.
Specifically, housing costs in Herkimer are 25% below the national average, while groceries and healthcare are slightly above. Utilities, transportation, and miscellaneous expenses also remain close to the national average, making Herkimer a cost-effective place to live.
The cost of living in Herkimer, New York, presents a favorable comparison to the nationwide average. With a cost of living index of 100, Herkimer's housing costs are significantly lower, standing at 75. This means housing expenses in Herkimer are 25% less than the national average. This reduction can be particularly appealing for job seekers looking to maximize their savings.
In other areas, Herkimer also offers competitive costs. Groceries are priced at 90, which is 10% lower than the national average. Utilities cost 85, which is 15% below the average. Transportation costs are at 80, meaning they are 20% less than the national average. Healthcare costs are slightly higher, at 95, but still only 5% above the average. Miscellaneous expenses are at 88, which is 12% below the average. Overall, Herkimer provides a cost-effective living environment for many of life's essentials.
