The cost of living index in New Albany, MS, stands at a favorable 88 compared to the nationwide average of 100. Housing, utilities, and miscellaneous costs are notably lower, making this area attractive for budget-conscious individuals. Despite minor variations in other categories, the overall index still presents an opportunity for cost savings.
When considering a move to New Albany, MS, job seekers will find that the cost of living index offers a more affordable lifestyle compared to the nationwide average. The nationwide average is set at 100, while the housing cost in New Albany stands at 70. This means residents pay 30% less for housing than the national average, making it a more budget-friendly option for many.
New Albany also shows favorable costs in other areas. For example, groceries cost 95, which is 5% less than the national average. Utilities and transportation each represent 90% and 85% of the national average, respectively. This means residents can expect to spend 10% less on utilities and 15% less on transportation. While healthcare costs align with the national average at 100, miscellaneous expenses are also at 90, suggesting a generally lower cost of living in New Albany, MS.
