Homewood, IL, shows a cost of living slightly below the nationwide average. Housing, utilities, and transportation costs are all lower, but groceries, healthcare, and miscellaneous expenses are higher. Specifically, housing costs in Homewood are 5% below the average, while groceries are 5% higher. Utilities are 2% below and transportation costs are 10% lower.
Overall, the cost of living index in Homewood stands at 97.4. This means that, on average, residents can expect to spend about 2.6% less than the national average across all cost categories. These figures provide valuable insights for job seekers evaluating potential relocation to Homewood.
Homewood, IL, presents a cost of living that is slightly below the nationwide average of 100. Housing costs in Homewood are notably lower, standing at 95. This means that expenses related to housing are 5% cheaper than the national average, providing potential savings for residents. Similarly, transportation costs are 10% lower, with an index of 90, making commuting and other transportation-related expenses more affordable.
Groceries and utilities in Homewood are just slightly above the national average. Groceries have an index of 105, indicating a modest 5% increase. Utilities are at 98, which is 2% below the national average, offering slight savings on monthly bills. The healthcare index matches the national average of 100, ensuring that medical costs are comparable to those across the country. Miscellaneous costs are also 2% above the national average with an index of 102, reflecting minor variations in everyday spending. Overall, Homewood offers a balanced cost of living that provides notable savings in key areas while remaining close to national averages in others.
