The cost of living index in Princess Anne, MD, is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Princess Anne stands at 93, reflecting a 7% decrease from the national average. This reduction is primarily driven by the housing index, which is 15% below the average. Despite this, other categories like groceries and utilities remain close to the national average, offering a balanced living experience.
The cost of living in Princess Anne, MD, is notably lower than the nationwide average, which is set at 100. Housing costs in Princess Anne stand at 85, which means residents spend 15% less than the national average on housing. This lower housing index can be a significant advantage for those looking to relocate, as it can free up more of their budget for other expenses.
In addition to housing, the grocery index in Princess Anne is 95, indicating a 5% savings compared to the national average. Utilities are slightly above average at 98, meaning residents spend just 2% more on utilities. Transportation costs are also favorable, with an index of 92, representing an 8% savings. Healthcare costs remain consistent with the national average at 100, ensuring no extra burden in this critical area. Miscellaneous expenses, with an index of 90, show a 10% savings. Overall, Princess Anne offers a cost of living that is 9% below the national average, making it an attractive option for budget-conscious individuals.
