The cost of living index in Plainview, TX, stands at 89, which is 11% lower than the nationwide average of 100. This lower index suggests that residents of Plainview can expect to spend less on various expenses compared to the national standard.
Plainview offers notable savings in housing, with an index of 83, and utilities, at 95, still slightly below the average. Groceries and transportation costs are close to the national average, while healthcare and miscellaneous expenses also show a modest reduction. This data highlights Plainview as a potentially more affordable place to live and work.
The cost of living index in Plainview, TX, provides valuable insights for individuals considering a move or already living there. This index measures how the prices of essential goods and services compare to the national average, set at 100. In Plainview, the housing index stands at 83, which means housing costs are about 17% lower than the national average. This lower housing cost can be a significant benefit for residents, offering potential savings on monthly expenses.
In addition to housing, other essential areas also show varied index levels. Groceries in Plainview are priced at 90, which is just 10% lower than the national average. Utilities, a critical expense for any household, have an index of 95, indicating they are 5% below the national average. Transportation costs sit at 92, showing they are only 8% lower than average. Healthcare costs in Plainview are at 88, reflecting an approximately 12% reduction from the national average. Lastly, miscellaneous expenses have an index of 85, which means these costs are 15% lower than the national average. Together, these factors paint a picture of a cost of living in Plainview that is generally favorable compared to the nationwide average.
