The cost of living index in Martinsville, IN, stands at 87, which is 13% lower than the nationwide average of 100. This lower index suggests that residents of Martinsville can expect to pay less for their housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses compared to the national average.
Martinsville offers a more affordable living environment, making it an attractive option for job seekers looking to minimize their living costs. The lower housing and transportation costs, in particular, provide significant savings, which can be beneficial for those on a budget.
The cost of living in Martinsville, Indiana, presents a favorable comparison to the nationwide average. The housing index in Martinsville stands at 80, which is 20% lower than the average cost of living index of 100. This suggests that housing expenses in Martinsville are more affordable, making it an attractive option for those looking to save on their living costs.
Additionally, the grocery index in Martinsville is 90, which is 10% lower than the national average. This indicates that groceries in Martinsville are slightly cheaper than the average, offering some relief to residents' budgets. Utilities in Martinsville are priced at 95, which is 5% above the national average, but the difference is minimal. Transportation costs are at 85, which is 15% lower than the average, providing another area where residents can save money. Healthcare costs are also at 85, which is 15% lower, and miscellaneous expenses are at 90, which is 10% lower. Overall, Martinsville offers a cost-effective living environment with several areas below the national average.
