The cost of living index in Oak Grove, KY, shows a generally lower cost compared to the nationwide average, which is set at 100. Housing costs in Oak Grove stand at 85, indicating a 15% reduction from the national average. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses also reflect lower costs, ranging from 87 to 95. This makes Oak Grove an attractive option for those seeking a more affordable lifestyle.
The cost of living in Oak Grove, KY, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Oak Grove stand at 85, indicating that residents can expect to pay 15% less than the national average for housing. This reduction can be a significant advantage for those looking to purchase or rent homes, as it provides more financial flexibility for other expenses.
In addition to housing, Oak Grove's grocery costs are slightly above the national average, with an index of 92. This means that groceries are 2% cheaper than the nationwide average. Utilities, another essential expense, also show a slight decrease, with an index of 90, meaning a 10% savings compared to the national average. Transportation costs in Oak Grove are at 88, which is 12% less than the national average, offering savings for those who rely on personal vehicles. Healthcare costs, however, are slightly higher, with an index of 95, indicating a 5% increase over the national average. Miscellaneous costs in Oak Grove are at 87, which is 13% lower than the national average, providing additional savings in everyday expenses. Overall, these figures suggest that Oak Grove offers a cost of living that is competitive with, and in some cases lower than, the national average.
