Princeton, KY, shows a cost of living index that is generally lower than the nationwide average, which stands at 100. Housing, with an index of 75, stands out as significantly more affordable, offering a 25% discount on the national average. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous costs also fall below the national average, indicating a lower overall cost of living in Princeton.
The cost of living index in Princeton, KY, presents a mixed picture for potential residents. Housing stands at 75, which means it costs 25% less than the nationwide average of 100. This relatively lower expense could attract job seekers looking to secure more affordable living conditions. On the other hand, groceries are priced at 85, indicating an 85% match with the national average, which is a neutral point for many people.
When looking at utilities, Princeton residents benefit with a cost index of 90, showing they pay only 10% more than the national average. This slight increase may not heavily impact monthly budgets. Transportation costs in Princeton are at 80, which means they are 20% lower than the national average. Job seekers with personal vehicles may find commuting and travel expenses more manageable. Healthcare, however, costs 95, which is 5% higher than the national average, potentially affecting healthcare-related expenditures. Overall, Princeton offers a balanced mix of lower and higher costs in various areas, providing both savings and additional expenses compared to the national average.
