New Albany, MS, offers a cost of living that is generally lower than the nationwide average. The overall cost of living index for New Albany stands at 89, which is 11% below the national average of 100. This lower cost of living makes New Albany an attractive option for those seeking more affordable living expenses.
Specifically, housing costs in New Albany are 15% below the national average, while groceries are only 8% below. Utilities, transportation, healthcare, and miscellaneous expenses also remain relatively lower, providing a comprehensive picture of the city's affordability.
New Albany, MS, offers a cost of living that is notably lower than the nationwide average. The housing index in New Albany stands at 85, which is 15% below the national average. This means that housing expenses in New Albany are more affordable, making it easier for residents to manage their budgets. Groceries in New Albany have an index of 92, which is 2% higher than the national average. While this is slightly more expensive, it still remains relatively close to the average, providing a balanced cost for everyday essentials.
Utilities in New Albany are priced at 95, which is 5% above the national average. This indicates that utility costs are slightly higher, but not significantly so. Transportation costs in New Albany are at 88, which is 12% below the average, making it cheaper to get around. Healthcare costs in New Albany are at 90, which is at par with the national average, offering a stable cost for medical services. Miscellaneous expenses in New Albany have an index of 87, which is 13% below the average, providing additional savings in other areas. Overall, New Albany presents a cost of living that is generally lower than the national average, making it an attractive option for those looking to manage their expenses effectively.
