Lamar, CO, has a lower cost of living compared to the nationwide average. The city's overall cost of living index stands at 93, which is 7% lower than the 100 benchmark of the national average. This means that, generally, residents in Lamar can expect to spend less on their day-to-day expenses when compared to other parts of the country.
The cost differences in Lamar are particularly evident in the housing sector, where the index stands at 81, indicating that housing costs are 19% lower than the national average. Groceries and utilities remain slightly above the national average, with indices of 93 and 95 respectively. This balanced distribution across various sectors provides a clear picture for job seekers looking to relocate to Lamar.
The cost of living index in Lamar, CO, shows how the prices in this area compare to the national average. This index sets the nationwide average at 100. In Lamar, the housing index is 81, which means housing costs about 19% less than the national average. This lower housing cost can be a significant benefit for people moving to Lamar.
Lamar also offers lower prices in miscellaneous categories, with an index of 90. This indicates a 10% reduction in the cost of items such as entertainment and personal care compared to the national average. Groceries have an index of 93, only 7% below the average. While utilities in Lamar are slightly higher, with an index of 95, translating to a 5% increase, transportation costs are just 3% above the national average at an index of 97. Healthcare services have an index of 102, showing a modest 2% increase. Overall, Lamar provides a cost of living that is generally lower or only slightly higher than the national average, making it an attractive option for those seeking affordable living expenses.
