The cost of living index in Norwalk, IA, stands at 88, which is 8% lower than the nationwide average of 100. This lower index suggests that residents may find expenses for housing, utilities, and transportation to be more affordable compared to the national average.
Norwalk's housing index of 85 indicates a 15% reduction in housing costs, while utilities and transportation also show a 10% decrease. This makes Norwalk an attractive option for those seeking a more budget-friendly lifestyle.
The cost of living index in Norwalk, IA, presents a favorable comparison to the nationwide average, which is set at 100. Norwalk's housing costs are notably lower, with an index of 85. This means housing expenses are 15% less than the national average. This reduction can be a significant advantage for job seekers looking to minimize their living expenses.
In addition to housing, the transportation index in Norwalk stands at 85, indicating that transportation costs are also 15% below the national average. Groceries, utilities, healthcare, and miscellaneous expenses in Norwalk are slightly higher but still competitive. Groceries have an index of 95, meaning they are 5% more expensive than the average. Utilities and healthcare each have an index of 90, which is 10% higher. Miscellaneous costs are at 88, showing an 8% increase. Overall, Norwalk offers a balanced cost of living with a few areas slightly above average, making it an attractive option for those seeking a more affordable lifestyle.
