Olivia, MN, has a cost of living index that is slightly lower than the nationwide average of 100. The overall cost of living index for Olivia stands at 91, reflecting a 9% lower cost compared to the national average. This makes Olivia a more affordable place for housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses.
Specifically, the housing index in Olivia is 85, which is 15% below the national average. Groceries cost 95% of the national average, while utilities and transportation are at 90% and 88%, respectively. Healthcare costs are slightly higher at 98%, and miscellaneous expenses are at 92%. This balanced cost distribution makes Olivia an attractive option for those seeking a lower cost of living without sacrificing quality.
Olivia, MN, presents a cost of living that is notably lower than the nationwide average. The housing index, for instance, stands at 85, which is 15% below the national average of 100. This suggests that housing expenses in Olivia are more affordable, making it an attractive option for those looking to save on their living costs. Additionally, groceries in Olivia are priced at 95, which is 5% below the average, indicating that food expenses are slightly cheaper here compared to the rest of the country.
Transportation costs in Olivia are also slightly lower than the national average, with an index of 88, representing a 12% decrease. This means that commuting and other transportation-related expenses are more manageable for residents. Utilities, another significant cost, are at 90, which is 10% below the average, offering some relief in monthly expenses. Healthcare, however, is slightly above the national average at 98, indicating a 2% increase. Despite this, the overall cost of living in Olivia remains competitive, making it a viable option for those seeking a balance between affordability and quality of life.
