Loretto, PA, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Loretto is 85, which is 15% below the national average of 100. This makes Loretto an attractive option for those seeking more affordable living expenses. Housing costs in Loretto are notably lower, at 75, which is 25% below the average. Groceries, utilities, transportation, healthcare, and miscellaneous costs also remain below the national average, though not as significantly.
The cost of living in Loretto, Pennsylvania, presents a favorable comparison to the nationwide average. The cost of living index for the entire country is set at 100, and Loretto's index stands at 85. This means that, on average, residents in Loretto spend 15% less than the average American. Housing costs in Loretto are notably lower, with an index of 75, indicating a 25% reduction compared to the national average. This affordability makes housing a particularly attractive aspect for those considering a move to Loretto.
In other areas, Loretto also offers competitive prices. Groceries, for example, have an index of 90, which is 10% less than the national average. Utilities cost 85, which is 15% below the average. Transportation costs are at 80, meaning residents save 20% on this expense. Healthcare costs are slightly higher, with an index of 95, but this is only 5% above the national average. Miscellaneous expenses, with an index of 88, are 12% less than the average. Overall, Loretto provides a cost-effective living environment with several areas offering significant savings.
