The cost of living index in Machesney Park, IL, is generally lower than the nationwide average. With a housing index of 85, groceries at 92, utilities at 95, transportation at 90, healthcare at 97, and miscellaneous expenses at 89, Machesney Park's overall cost of living stands at about 91. This means residents can expect to pay roughly 9% less for most living expenses compared to the national average, making it an attractive option for those seeking affordability.
Machesney Park, Illinois, shows a cost of living that is slightly below the nationwide average of 100. The housing index in Machesney Park stands at 85, which means residents can expect to spend about 15% less on housing compared to the average American city. This can be a significant advantage for those looking to settle in Machesney Park, as lower housing costs can free up more money for other essential needs or savings.
When looking at other expenses, Machesney Park also offers some benefits. The cost of groceries is slightly above the national average at 92, indicating a minor increase in food expenses. Utilities are at 95, meaning they are 5% above the national average, but this remains relatively minor. Transportation costs in Machesney Park are at 90, which is 10% below the nationwide average, offering savings for those who commute regularly. Healthcare costs, however, are slightly higher at 97, showing a 3% increase compared to the national average. Miscellaneous costs stand at 89, which means residents spend about 11% less in this category. Overall, Machesney Park provides a mix of affordability and slightly higher costs in certain areas, making it an attractive option for many.