Hubbard, OH, presents a cost of living index that is notably lower than the nationwide average, which is set at 100. Specifically, the overall cost of living in Hubbard stands at 85, indicating that residents can expect to spend 15% less than the national average. This reduction is primarily driven by lower housing costs, which are at 75, reflecting a 25% savings compared to the national average.
Despite the overall lower cost of living, certain categories like groceries and utilities remain close to the national average, with indices of 90 and 95, respectively. This balanced distribution suggests that while housing is significantly cheaper, other living expenses are relatively comparable to the national figures.
The cost of living index in Hubbard, OH, reveals a generally favorable comparison to the nationwide average, which is set at 100. Hubbard's housing index stands at 75, indicating that housing costs are 25% lower than the average. This makes housing in Hubbard more affordable, which can be a significant advantage for job seekers and families looking to save on living expenses.
In other areas, Hubbard also shows competitive costs. Groceries have an index of 90, meaning they are 10% less expensive than the national average. Utilities are slightly above average at 95, which is a modest 5% increase. Transportation costs are at 85, showing a 15% reduction compared to the nationwide average. Healthcare costs are slightly lower at 80, which is 20% below the average. Miscellaneous costs are at 88, indicating an 12% increase. Overall, Hubbard offers a cost of living that is generally lower than the national average, making it an attractive option for those seeking affordability.
