The cost of living index in Pace, Florida, is slightly below the nationwide average. Housing costs 10% less, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are all within 5% of the national average. This makes Pace a cost-effective option for those seeking affordable living without significant sacrifices.
The cost of living in Pace, FL, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Pace are notably lower, with an index of 90. This means that housing expenses in Pace are 10% less than the national average. For job seekers, this could translate into a more affordable living situation, allowing for greater savings or investment opportunities.
Additionally, other essential costs in Pace, such as groceries, utilities, and healthcare, also remain below the national average. Groceries have an index of 95, indicating a 5% savings compared to the average. Utilities are slightly higher, with an index of 98, but still only 2% above the national average. Healthcare, with an index of 95, also offers a 5% reduction in costs. These savings can make a significant difference in the overall budget for residents.