The cost of living index in Palmer, MA, shows a mixed picture compared to the nationwide average, which is set at 100. Housing costs in Palmer are notably lower, with an index of 85, indicating a 15% reduction. However, groceries, healthcare, and miscellaneous expenses are slightly above the national average, with indices of 95, 98, and 92, respectively. This suggests that while housing is more affordable, other living expenses are relatively comparable to the national standard.
The cost of living in Palmer, MA, presents a favorable comparison to the nationwide average. Housing costs in Palmer stand at 85, which is 15% lower than the national average. This reduction can make housing more affordable for residents and job seekers alike. Lower housing costs can also mean more disposable income for other necessities and personal savings.
Palmer's grocery costs are at 95, which is 5% below the national average. This slight decrease can help families manage their food budgets more effectively. Additionally, the utilities index in Palmer is equal to the national average at 100, meaning there is no cost advantage or disadvantage in this category. Transportation costs in Palmer are at 90, which is 10% lower than the national average, offering another area where residents can save money. Healthcare costs in Palmer are slightly below the national average at 98, providing a minor cost benefit. Finally, miscellaneous expenses are at 92, which is 8% lower than the national average, offering additional savings opportunities. Overall, Palmer provides a cost of living that is competitive with, and in some cases lower than, the national average.
