Miami, OK, has a lower cost of living compared to the nationwide average. The city's overall cost of living index stands at 86, meaning residents spend about 14% less than the national average. This index incorporates various factors, including housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses.
Miami's housing costs, at 70, are notably lower than the national average of 100. This suggests that housing in Miami is about 30% cheaper than the national average. Additionally, groceries, utilities, transportation, healthcare, and miscellaneous expenses also show lower costs, contributing to the overall reduced cost of living. This makes Miami an attractive option for those looking to manage their expenses better.
The cost of living index in Miami, OK, shows a notable difference when compared to the nationwide average. The index for housing in Miami, OK, stands at 70, which is 30% below the national average of 100. This indicates that housing costs in Miami are considerably lower than the national average, making it an attractive option for individuals and families looking to save on housing expenses.
Moreover, other essential expenses in Miami, OK, also reflect a lower cost of living. Groceries, with an index of 95, are just 5% above the average. Utilities, at an index of 90, are 10% lower than the average, while transportation costs are 12% below the average at 88. Healthcare costs are slightly lower at an index of 85, which is 15% below the national average. Miscellaneous costs in Miami, OK, also stand at 80, indicating a 20% decrease compared to the national average. Overall, Miami, OK, provides an affordable living environment, with most costs being below the national average, making it an attractive choice for budget-conscious residents.
