Olivia, MN, has a cost of living index that is slightly below the nationwide average. The overall index stands at 92, which is 2% lower than the national average of 100. This means that, on average, residents in Olivia can expect to spend less on most goods and services compared to the rest of the country.
Specifically, housing costs in Olivia are 15% below the national average, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are all within 5% of the national average. This makes Olivia a potentially more affordable place to live for those considering relocation.
Olivia, MN, presents a cost of living that is notably lower than the nationwide average. The housing index in Olivia stands at 85, which is 15% below the national average. This suggests that housing costs in Olivia are more affordable, making it an attractive option for those looking to save on their living expenses. Additionally, the groceries index is at 95, only 5% below the average, indicating that food prices remain quite competitive.
Transportation and utilities in Olivia also show a slight advantage over the national average. The transportation index is at 95, which is 5% below the average, while the utilities index is at 90, 10% below. These factors contribute to a more affordable lifestyle for residents. Healthcare costs in Olivia match the national average, with an index of 100, ensuring that medical expenses are on par with the rest of the country. Overall, the cost of living in Olivia, MN, offers a balanced and cost-effective living environment for those considering relocation.
