The cost of living index in Minerva, OH, stands at 89, slightly lower than the nationwide average of 100. This indicates that residents can expect to spend approximately 11% less than the average American on their overall living expenses. The differences in various categories, such as housing at 82 and transportation at 89, show that Minerva offers affordability in several key areas.
Minerva, Ohio, presents a cost of living index that is notably lower than the nationwide average, which is set at 100. With an overall cost of living index of 89, this area stands out as an attractive choice for job seekers and families. Housing costs are particularly favorable, sitting at 82. This means residents spend about 18% less on housing compared to the national average. For groceries, the cost of living index is 92, which is 8% below the nationwide figure, suggesting residents can save a bit on everyday essentials.
Transportation costs in Minerva also compare well with the national average, standing at 89. This indicates an 11% reduction in spending on transportation. The healthcare index is slightly below the national average at 88, providing a 12% saving. Utilities and miscellaneous costs are slightly above the average, at 95 and 90 respectively. However, these minor increases do not significantly impact the overall affordability. In summary, Minerva offers a competitive cost of living that benefits residents in multiple aspects.
