Olivia, MN, offers a favorable cost of living compared to the nationwide average. The overall cost of living index in Olivia stands at 88, which is 12% lower than the national average of 100. This reduction makes it an attractive option for job seekers looking for more affordable living expenses without sacrificing quality.
Specifically, Olivia's housing costs are 24% below the national average, providing significant savings for residents. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also show competitive rates, making Olivia a cost-effective choice for potential newcomers.
Olivia, MN, shows a lower cost of living index than the nationwide average, which is set at 100. Housing costs in Olivia are 24% lower, making it more affordable for residents. People pay only 76% of the national average for housing, which can be a significant saving. Groceries cost 92% of the national average, a minor increase that adds just a small burden to the budget.
In Olivia, utilities and transportation costs are slightly lower than the national average. Utilities run at 88%, and transportation costs are 85%. This means residents save 12% on utilities and 15% on transportation compared to the national average. Healthcare costs in Olivia are 5% higher than the national average, standing at 95%. Miscellaneous expenses, including things like clothing and entertainment, also run at 90% of the national average, offering some savings. Overall, Olivia presents an attractive option for those looking to manage their expenses effectively.
