The cost of living index in Providence, UT, shows a generally lower cost compared to the nationwide average, which is set at 100. Housing costs 10% less, while groceries are 5% cheaper. Utilities and miscellaneous items are slightly above average, at 3% and 2% higher, respectively. Healthcare costs 8% less, and transportation costs are equal to the national average. Overall, Providence offers a more affordable living experience in several key areas.
The cost of living in Providence, UT, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Providence stand at 90, indicating that residents can expect to pay 10% less than the national average. This reduction in housing expenses can be a significant advantage for those relocating to the area, as it allows for a larger portion of their budget to be allocated to other necessities or savings.
In addition to housing, other cost categories in Providence also reflect a generally lower cost of living. Groceries, for example, are priced at 95, which means they are 5% cheaper than the national average. Utilities cost slightly more, at 97, but this is still a 3% decrease. Transportation costs align with the national average at 100, offering no change in expense. Healthcare and miscellaneous items are priced at 92 and 98, respectively, both showing a 8% and 2% reduction compared to the national average. Overall, Providence offers a cost of living that is competitive and often more affordable than the national average in several key areas.
