Penn Yan, NY, stands out with a cost of living index that is slightly below the nationwide average. With an overall index of 90, Penn Yan offers residents a chance to enjoy expenses that are 10% lower than the national benchmark, where the cost of living index is set at 100. This slight difference makes Penn Yan a potentially appealing location for those looking to manage their expenses more effectively while maintaining a good quality of life.
Penn Yan, NY, has a cost of living index that is slightly lower than the nationwide average of 100. This means that overall, it costs less to live in Penn Yan compared to the rest of the country. For instance, the housing index stands at 85, indicating that housing costs 15% less than the national average. This can be a significant advantage for individuals and families looking to save on their housing expenses.
Penn Yan also shows competitive rates in other areas. Groceries, for example, have an index of 95, meaning they cost 5% less than average. Utilities cost slightly less at 90, which is a 10% reduction from the national average. Transportation costs are just slightly above average, with an index of 92, only 8% below the national average. Healthcare costs remain at par with the national average at 100, while miscellaneous expenses stand at 88, reflecting an additional 12% savings. This combination of lower costs in various sectors makes Penn Yan an attractive option for those seeking a more affordable lifestyle.
