Homewood, IL, offers a cost of living slightly below the nationwide average. The cost of living index for Homewood stands at 96, which is 4% lower than the national average of 100. This makes Homewood a more affordable option for housing, groceries, utilities, and miscellaneous expenses, while transportation costs are slightly above average. Job seekers may find Homewood an attractive location for its balanced cost of living.
Homewood, IL, offers a cost of living that is relatively close to the nationwide average. The housing index in Homewood stands at 95, which is 5% below the national average of 100. This suggests that housing costs in Homewood are slightly more affordable compared to the rest of the country. Similarly, the groceries index is 97, indicating that grocery expenses are just 3% below the national average. This makes it easier for residents to find reasonably priced food items.
Utilities in Homewood, with an index of 93, are 7% below the national average. This means that residents can expect to pay less for essential services such as electricity, gas, and water. Transportation costs are slightly higher, with an index of 98, which is 2% below the national average. This indicates that commuting and other transportation-related expenses are nearly on par with the rest of the country. Healthcare costs in Homewood match the national average at 100, ensuring that medical expenses are consistent with the nationwide standard. Lastly, the miscellaneous index of 99 shows that other living expenses are just 1% below the national average, making Homewood a cost-effective place to live overall.
