Oak Island, NC, offers a cost of living that is generally lower than the nationwide average. The overall cost of living index for Oak Island stands at 94, which is 6% below the national average of 100. This lower index makes it an attractive option for those seeking more affordable living conditions.
Housing costs in Oak Island are notably lower, with an index of 85, representing 15% below the national average. Groceries, utilities, and transportation also show slightly lower costs, with indices of 95, 98, and 90, respectively. Healthcare costs remain on par with the national average at 100, while miscellaneous expenses are slightly lower at 97. This combination of lower costs across various categories makes Oak Island a cost-effective choice for many.
The cost of living index in Oak Island, North Carolina, offers a favorable comparison to the nationwide average. Housing costs in Oak Island stand at 85, which is 15% lower than the national average. This makes housing more affordable for residents and job seekers considering the area. Groceries in Oak Island are priced at 95, which is 5% lower than the national average, providing some relief for those managing household budgets.
Utilities in Oak Island are slightly above the national average, with an index of 98, indicating a 2% higher cost. Transportation costs are at 90, which is 10% lower than the national average, making commuting more economical. Healthcare costs remain on par with the national average, with an index of 100, ensuring that medical expenses are consistent with the rest of the country. Miscellaneous costs are at 97, which is 3% lower than the national average, offering additional savings in everyday expenses. Overall, Oak Island presents a cost of living that is generally lower than the national average, making it an attractive option for those looking to manage their expenses effectively.
