Independence, KY, has a cost of living index that is slightly below the nationwide average. The overall cost of living index for Independence stands at 91, which is 9% lower than the national average of 100. This means that, on average, residents can expect to pay less for most goods and services compared to the rest of the country.
Specifically, housing costs are 15% lower, groceries are 5% lower, utilities are 10% lower, and transportation costs are 8% lower. However, healthcare costs are slightly higher, at 5% above the national average. This balanced mix of lower and higher costs makes Independence an attractive option for those looking to manage their expenses more effectively.
Independence, KY, offers a cost of living that is generally lower than the nationwide average. The housing index in Independence stands at 85, which is 15% below the national average of 100. This suggests that housing expenses in Independence are more affordable, making it an attractive option for those looking to save on their living costs.
Additionally, the cost of groceries in Independence is slightly below the average, with an index of 95, representing a 5% decrease. Utilities also follow a similar trend, with an index of 90, which is 10% lower than the national average. These factors contribute to a more budget-friendly living situation in Independence compared to the rest of the country.
