The cost of living index in Morton, Illinois, shows that residents generally spend less on housing compared to the nationwide average. With a housing index of 78, costs are 22% below the national average of 100. However, other costs like groceries, utilities, and healthcare remain relatively close to the national average, ranging from 85 to 97 in various categories. This suggests that while housing is notably cheaper, other living expenses in Morton align closely with the nationwide figures.
Job seekers considering a move to Morton, IL, will find the cost of living index to be an important factor. When compared to the nationwide average, which is set at 100, Morton's cost of living index reveals several affordable options. For instance, housing costs in Morton stand at 78, which is 22% below the national average. This makes housing more affordable for those relocating, potentially leaving more disposable income for other essentials or savings.
Additionally, the grocery cost in Morton is slightly above the national average at 92, indicating a 8% increase. However, the convenience of this increase can be weighed against the lower housing costs. Utilities in Morton are at 97, only 3% above the average, suggesting minimal extra expense for maintaining a home. Transportation costs are at 85, marking a 15% decrease from the average, which is beneficial for those with regular commutes. Healthcare and miscellaneous costs are also slightly below the average, with indices of 90 and 88, respectively. These figures make Morton a competitive choice for those looking to balance cost with quality of life.
