Hodgkins, IL, presents a cost of living index that is slightly below the nationwide average of 100. The overall cost of living index for Hodgkins stands at 95, indicating that residents can expect to spend about 5% less than the national average on living expenses. This includes housing, groceries, utilities, transportation, healthcare, and miscellaneous costs, all of which are closely aligned with or slightly below the national figures.
Hodgkins, IL, presents a cost of living that is generally lower than the nationwide average. The housing index in Hodgkins stands at 85, which is 15% below the national average of 100. This suggests that housing costs in Hodgkins are more affordable, making it an attractive option for those looking to save on their monthly expenses.
Additionally, the cost of groceries in Hodgkins is slightly below the average, with an index of 95, representing a 5% decrease. This indicates that residents can expect to spend less on food compared to the national average. Utilities in Hodgkins are slightly higher, with an index of 105, which is 5% higher than the national average. This means that while housing and groceries are cheaper, utility costs are marginally more expensive. Overall, Hodgkins offers a balanced cost of living with some areas being more affordable and others slightly more costly.
