Paynesville, MN, shows a cost of living slightly below the nationwide average. The overall index stands at 89, indicating a 11% reduction from the national benchmark of 100. This decrease mainly reflects lower housing costs, which are 15% below the national average, and miscellaneous expenses, which are 20% lower.
Compared to other categories, Paynesville's groceries, utilities, and healthcare align closely with the national figures, each differing by less than 5%. Transportation costs also remain near the national average, with a minor 10% reduction. This balanced distribution suggests a relatively affordable living environment in Paynesville, making it an attractive option for cost-conscious job seekers.
Paynesville, MN, has a cost of living that is generally lower than the nationwide average. The cost of living index measures various expenses and sets the national average at 100. In Paynesville, housing costs account for 85% of the average, which is 15% lower. This reduction makes housing a potentially more affordable aspect of living in Paynesville compared to the rest of the country.
In addition to housing, other costs in Paynesville also compare favorably to the national average. Groceries are priced at 95%, just 5% above the national average, making everyday food purchases slightly less expensive. Transportation costs are at 90%, which is 10% lower, suggesting that commuting and other transportation-related expenses may be more budget-friendly. Utilities and healthcare costs in Paynesville match the national average at 100%, indicating parity in these essential areas. Miscellaneous expenses, however, stand at 80%, which is 20% lower, offering further savings potential for residents.
