The cost of living index in Okeechobee, FL, is notably lower than the nationwide average, which is set at 100. Specifically, Okeechobee's overall cost of living stands at 93, reflecting a 7% reduction from the national average. This lower cost of living makes Okeechobee an attractive option for those seeking more affordable living expenses.
The cost of living in Okeechobee, Florida, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Okeechobee are 89, indicating that residents spend 11% less on housing compared to the national average. This lower housing index can be a significant advantage for those looking to relocate or purchase a home in this area.
Additionally, the grocery cost index in Okeechobee stands at 95, which is 5% below the national average. This suggests that everyday food expenses are slightly more affordable. Utilities, at 97, are nearly on par with the national average, showing minimal difference in cost. Transportation costs are 92, meaning residents save 8% on transportation expenses. Healthcare costs are slightly higher at 98, indicating a 2% increase. Miscellaneous expenses, at 90, show a 10% reduction compared to the national average. Overall, the cost of living in Okeechobee offers several areas where residents can save money.
