North Vernon, IN, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for North Vernon stands at 89, which is 11% lower than the national average of 100. This makes it an attractive option for those seeking more affordable living conditions.
Specifically, housing costs are 15% lower, while groceries, utilities, and healthcare costs are only marginally below the national average. Transportation and miscellaneous expenses also reflect a modest decrease, making North Vernon a cost-effective choice for many.
North Vernon, Indiana, offers a cost of living that is notably lower than the nationwide average. The cost of living index for North Vernon stands at 87, which is 13% below the national average of 100. This lower index suggests that residents can expect to pay less for a variety of everyday expenses compared to the average American.
Breaking down the cost of living components, North Vernon shows particularly favorable rates in housing, with an index of 85. This means housing costs are 15% lower than the national average. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also fall below the average, though not as significantly. Groceries have an index of 95, utilities at 90, transportation at 88, healthcare at 92, and miscellaneous expenses at 87. These figures indicate that while some costs are slightly higher, the overall cost of living in North Vernon remains competitively lower than the national average.
