Independence, KY, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Independence stands at 90, which is 10% lower than the national average of 100. This makes Independence a more affordable option for housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses. Job seekers may find that their budget stretches further in Independence compared to the national average.
Independence, KY, offers a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Independence are 15% lower than the national average, making it a more affordable option for those looking to settle in this area. This reduction in housing expenses can significantly ease the financial burden on residents, allowing them to allocate more funds to other essential needs.
In addition to housing, the overall cost of living in Independence remains competitive. Groceries cost 4% less than the national average, while utilities are only 2% higher. Transportation costs are also slightly lower at 10% below the national average. Although healthcare costs are 6% higher, the miscellaneous category, which includes items like clothing and entertainment, is 12% lower. This combination of costs makes Independence an attractive choice for those seeking a balanced and affordable living environment.
