Palmer, MA, has a cost of living index that is slightly below the nationwide average. The overall index stands at 93, which is 7% lower than the national average of 100. This means that, on average, residents in Palmer can expect to pay less for most goods and services compared to the average American.
Specifically, Palmer's housing costs are 15% below the national average, making it a more affordable place to live. Groceries, utilities, transportation, healthcare, and miscellaneous expenses are also slightly lower, though not as significantly. This makes Palmer a potentially attractive option for those looking to manage living expenses effectively.
The cost of living in Palmer, MA, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Palmer stand at 85, indicating that residents can expect to pay 15% less than the average American. This reduction in housing expenses can be a significant advantage for those looking to settle in Palmer, as it provides more financial flexibility for other living costs.
Additionally, the grocery index in Palmer is at 95, which is 5% below the national average. This slight decrease in grocery prices can help residents save a bit more on their monthly food budgets. Utilities, at 98, are nearly on par with the average, showing minimal difference in cost. Transportation costs are at 92, which is 8% less than the national average, offering another area where residents can save. Healthcare costs in Palmer are at 97, just 3% below the average, and miscellaneous expenses are at 90, which is 10% lower. Overall, Palmer provides a cost of living that is competitive and often more favorable than the national average.
