New Hampton, IA, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for New Hampton stands at 85, which is 15% below the national average of 100. This lower cost of living makes it an attractive option for job seekers looking to maximize their budget.
Housing costs in New Hampton are particularly affordable, with an index of 70, which is 30% below the national average. Groceries, utilities, and transportation also show lower costs, with indices of 85, 95, and 90, respectively. Healthcare costs remain at par with the national average, while miscellaneous expenses are slightly below at 80.
New Hampton, IA, offers a cost of living that is notably lower than the nationwide average. The housing index in New Hampton stands at 70, which is 30% below the national average. This means that housing costs in New Hampton are significantly more affordable, making it an attractive option for those looking to save on their living expenses. Additionally, the groceries index is 85, which is 15% below the average, indicating that food costs are also relatively lower here.
Utilities in New Hampton are priced at 95, which is 5% below the national average. This small difference suggests that utility costs are nearly on par with the rest of the country. Transportation costs are slightly lower, with an index of 90, representing a 10% decrease compared to the national average. Healthcare costs in New Hampton match the national average at 100, ensuring that medical expenses are consistent with the rest of the country. Lastly, the miscellaneous index is 80, which is 20% lower than the average, showing that other living expenses are also more affordable in New Hampton.
