Herkimer, NY, showcases a cost of living that is generally lower than the nationwide average, which is set at 100. Housing costs in Herkimer stand at 80, while groceries and utilities hover around 95 and 90, respectively. These figures suggest that living expenses in Herkimer are notably cheaper, making it an attractive option for cost-conscious individuals.
While Herkimer's transportation and miscellaneous costs are also below the national average, the healthcare index matches it exactly at 100. This balance of lower costs across most categories without compromising essential services offers significant savings for residents and newcomers alike.
In Herkimer, NY, the cost of living index reflects a unique balance of affordability and typical expenses. Housing, one of the major components, is relatively cheaper, standing at 80 compared to the nationwide average of 100. This means housing costs about 20% less than the national average, making it a significant advantage for residents. Grocery costs are nearly on par with the national average, with an index of 95, indicating just a 5% difference.
Utilities and transportation in Herkimer also present good value. Utilities cost 90, which is 10% below the national average, while transportation costs 85, showing a 15% reduction. Healthcare costs remain at the national average of 100, providing equal value nationwide. Miscellaneous costs, including items like entertainment and personal care, are at 88, slightly under the average and 12% cheaper. Overall, Herkimer offers a cost-effective living environment for those considering relocating.
