The cost of living in Palmer, MA, is slightly below the nationwide average. The overall cost of living index for Palmer is 97, which is 3% less than the national average of 100. This suggests that residents of Palmer can expect to pay less for most aspects of daily life compared to the average American.
In Palmer, housing, groceries, and miscellaneous expenses all slightly underperform the national average, each indexed at 95, 98, and 96 respectively. Utilities, transportation, and healthcare are closer to the national average, with indices of 102, 97, and 99. This balanced distribution suggests that while some areas are less expensive, others are close to or slightly above average.
The cost of living in Palmer, MA, offers a range of expenses that are generally lower than the nationwide average, which is set at 100. Housing costs in Palmer are notably lower, with an index of 95. This means housing expenses are about 5% cheaper than the national average. People in Palmer can expect to spend less on their homes and rent compared to other parts of the country.
When considering other essentials, Palmer also scores well. For groceries, the index is 98, indicating that these costs are just 2% below the national average. Utilities, including electricity and gas, have a slight increase, with an index of 102, making them 2% higher. Transportation costs, with an index of 97, are about 3% lower than the national average. Healthcare costs are close to average, at 99, showing minimal difference. Miscellaneous costs, which cover various daily expenses, have an index of 96, meaning they are 4% less than the nationwide average. Overall, Palmer presents a cost of living that is favorable for those looking to manage their budget effectively.
