North Hills, CA, has a higher cost of living index compared to the nationwide average of 100. Housing costs are particularly high, at 160. This indicates that housing in North Hills is 60% more expensive than the national average. Other areas, like groceries and utilities, also exceed the national average but not as drastically. Groceries are 10% more expensive, and utilities are 20% higher.
Understanding these percentages helps job seekers gauge potential living expenses in North Hills. Knowing these figures allows for better financial planning and realistic expectations about the cost of living.
North Hills, CA, exhibits a higher cost of living compared to the nationwide average, as illustrated in the provided data. Specifically, the housing index stands at 160, indicating that housing costs are 60% higher than the national average. This elevated figure suggests that residents in North Hills should budget significantly more for their homes and rent compared to other areas across the country.
Across other categories, North Hills also shows increased expenses. Groceries in North Hills have an index of 110, reflecting a 10% higher cost compared to the national average. Utilities and transportation costs are also elevated, with indexes of 120 and 130, respectively, which translates to an additional 20% and 30% more than the national average. Healthcare costs in the area are 15% higher, with an index of 115, while miscellaneous expenses are 5% higher at 105. Overall, these factors contribute to a higher overall cost of living in North Hills, making it important for potential residents to consider these figures in their financial planning.
