Homewood, IL, has a cost of living index that generally mirrors the nationwide average, though with slight variations. Housing costs 5% below the national average, making it a more affordable option for residents. Groceries are nearly on par, coming in at 2% below the average.
Utilities, however, show a 5% increase over the nationwide average, which may slightly raise living expenses. Transportation costs in Homewood are 10% lower than the national average, offering some savings. Healthcare costs are notably higher, at 10% above the national index. Miscellaneous expenses are 3% below the average, providing a small relief to the overall cost of living.
Homewood, IL, presents a cost of living that is generally comparable to the nationwide average. Housing costs in Homewood stand at 95 on the cost of living index, which is 5% lower than the national average. This suggests that residents can find more affordable housing options. Groceries in Homewood are priced at 98 on the index, which is slightly below the national average, meaning grocery expenses are nearly in line with the average.
Utilities in Homewood are 105 on the index, which is 5% higher than the national average. This indicates that residents may spend a bit more on utilities. Transportation costs in Homewood are at 90, which is 10% lower than the average. This could be beneficial for those who rely on vehicles for commuting. Healthcare costs are significantly higher in Homewood at 110, meaning residents spend 10% more on healthcare services. Miscellaneous costs are at 97, which is just 3% below the national average. Overall, Homewood offers a mix of both lower and higher expenses compared to the nationwide average.
