Owego, NY, has a cost of living index that is generally lower than the nationwide average. Housing, for instance, costs 25% less, while groceries are about 10% cheaper. Utilities and transportation also show a slight decrease, with utilities at 95% and transportation at 85% of the national average. However, healthcare costs are slightly higher at 105%, and miscellaneous expenses are 20% below the average. Overall, Owego offers a more affordable living experience in several key areas.
The cost of living in Owego, NY, presents a mix of both advantages and challenges when compared to the nationwide average. Housing, for instance, is notably more affordable, with an index of 75. This means that housing costs in Owego are 25% lower than the national average. For job seekers, this could be a significant benefit, allowing for a larger portion of their income to be allocated to other essential expenses or savings.
In contrast, some other areas show higher costs. Healthcare, for example, has an index of 105, indicating that healthcare expenses in Owego are 5% higher than the average. While groceries and utilities are close to the national average, with indices of 90 and 95 respectively, transportation costs are slightly lower at 85. This means that transportation expenses in Owego are 15% below the national average. Overall, Owego offers a balanced cost of living with some areas being more affordable and others slightly more expensive.
