Lincoln, AL, presents a cost of living that is slightly below the nationwide average. Specifically, the cost of living index in Lincoln stands at 91, which is 9% lower than the national benchmark of 100. This modest difference suggests that residents of Lincoln may experience slightly lower expenses in several key areas, including housing, utilities, and miscellaneous costs.
In terms of specific categories, Lincoln’s housing index of 85 indicates that living expenses for housing are 15% less than the national average. Groceries and transportation remain close to the national average, with indices of 95 and 92, respectively. Healthcare costs are slightly above average at 98, while utilities and miscellaneous costs slightly underperform with indices of 90 and 88. This data provides valuable insights for job seekers evaluating the overall affordability of Lincoln, AL.
Lincoln, AL, offers a lower cost of living compared to the nationwide average, which is set at 100. Specifically, housing costs in Lincoln are 85, indicating that residents can expect to spend 15% less on housing compared to the national average. This reduction in housing expenses makes Lincoln an attractive option for those looking to save on one of the biggest monthly expenditures.
Additionally, the cost of groceries in Lincoln is slightly lower at 95, meaning that spending on food is 5% below the national average. Utilities cost 90 in Lincoln, which is 10% cheaper than the national average. When it comes to transportation, Lincoln stands at 92, translating to a 8% decrease in costs. Healthcare in Lincoln is priced at 98, only 2% above the national average, which provides a small buffer for residents' health expenses. Miscellaneous costs in Lincoln are 88, indicating an overall 12% savings in this category compared to the national average. These statistics highlight Lincoln as a place where overall living expenses are reasonably lower than the national standard.
