The cost of living index in Mills River, NC, stands at 91, which is 1% below the nationwide average of 100. This slight decrease is primarily due to the housing index, which is 15% lower than the average. Despite this, the transportation and groceries indices are close to the national average, with only minor variations.
The cost of living in Mills River, North Carolina, offers a favorable comparison to the nationwide average, which is set at 100. Housing costs in Mills River stand at 85, indicating that residents can expect to pay 15% less than the national average for housing. This lower housing expense can be a significant advantage for those relocating to the area, as it provides more financial flexibility for other living expenses.
In addition to housing, the cost of groceries in Mills River is slightly below the national average, with an index of 95. This represents a 5% savings on groceries compared to the nationwide average. Utilities also show a modest cost of 90, which is 10% lower than the national average. These savings in housing, groceries, and utilities contribute to a more affordable living experience in Mills River. However, transportation costs are on par with the national average at 95, and healthcare costs match the national average of 100, indicating no significant difference in these areas.
