Hinckley, OH, presents a cost of living index that is slightly below the nationwide average of 100. Specifically, the overall cost of living in Hinckley stands at 93. This means that residents can expect to spend about 7% less than the average American on their daily expenses.
Breaking down the categories, Hinckley's housing costs are 8% lower than the national average, while groceries are only 2% below. Utilities and healthcare costs are also slightly lower, at 5% and 15% respectively, making Hinckley a more affordable place to live in these areas.
Hinckley, OH, has a cost of living index that is slightly lower than the nationwide average. The overall cost of living index for Hinckley is 93, which is 7% lower than the average of 100. This means that, on average, residents in Hinckley can expect to spend less on their daily expenses compared to the national average.
When looking at specific categories, Hinckley's housing index is 92, which is 8% below the average. This suggests that housing costs in Hinckley are more affordable. Groceries, with an index of 98, are nearly on par with the national average, indicating minimal difference in cost. Utilities in Hinckley are at 95, which is 5% lower than the average, offering some savings in this area. Transportation costs are 10% lower, with an index of 90, making it cheaper to get around. Healthcare costs are notably lower, with an index of 85, which is 15% below the average. Miscellaneous expenses match the national average at 100, showing no significant difference. Overall, Hinckley provides a more affordable living environment in several key areas.
