Princess Anne, MD, has a cost of living index that is generally lower than the nationwide average. The overall cost of living index for Princess Anne stands at 91, which is 9% below the national average of 100. This lower cost of living makes Princess Anne an attractive option for those looking to manage expenses effectively. Housing costs, for example, are 20% lower, while utilities are slightly higher at 2%.
The lower cost of living in Princess Anne, MD, extends to groceries and miscellaneous expenses, which are 5% and 13% lower than the national average, respectively. This balance of affordability across various sectors makes it a practical choice for job seekers and families alike.
The cost of living in Princess Anne, MD, presents a mix of affordability and slight increases in certain areas when compared to the nationwide average. Housing costs in Princess Anne stand at 80 on the cost of living index, which is 20% lower than the national average. This suggests that housing expenses are significantly more affordable in Princess Anne, making it an attractive option for those looking to save on their living expenses.
Other areas, such as groceries and transportation, also show a favorable comparison. Groceries in Princess Anne have a cost of living index of 95, which is 5% lower than the national average. Similarly, transportation costs are at 90, which is 10% below the average. These figures indicate that daily living expenses in these categories are more manageable. However, utilities and healthcare show slight increases. Utilities have a cost of 102, which is 2% higher, while healthcare costs are at 98, which is also 2% above the national average. Despite these minor increases, the overall cost of living in Princess Anne, MD, remains competitive and appealing for many.
