The cost of living in Nokomis, FL, is slightly below the nationwide average. The overall index stands at 92, which is 2% lower than the national average of 100. This means residents can expect to pay less for most living expenses compared to the average American.
Specifically, housing costs in Nokomis are 10% below the national average, while groceries and utilities are only 5% and 15% below, respectively. Transportation costs are slightly higher at 2% above the average, but healthcare costs remain at par with the national average. This balanced distribution makes Nokomis a cost-effective place to live.
The cost of living index in Nokomis, Florida, shows a generally favorable comparison to the nationwide average, which is set at 100. Housing costs in Nokomis are 90, indicating that residents spend 10% less than the national average. This lower cost can be a significant advantage for those looking to settle in Nokomis, as it provides more affordability for housing.
Other areas also reflect a positive trend. Groceries, for instance, have a cost of living index of 95, which means that grocery expenses are only 5% higher than the national average. Utilities in Nokomis are priced at 85, suggesting a 15% savings compared to the nationwide average. Transportation costs are slightly above average at 98, which is a minimal increase of 2%. Healthcare costs are at 90, offering a 10% reduction. Miscellaneous expenses, which include items like entertainment and personal care, are at 92, indicating an 8% lower cost. Overall, Nokomis presents a cost-effective living environment for many essential expenses.
