The cost of living index in Rockwell, NC, stands at 92, which is 2% below the nationwide average of 100. Lower housing and miscellaneous costs contribute to this below-average index, making Rockwell a slightly more affordable place to live compared to the national average.
Exploring further, Rockwell’s housing index at 85 is notably lower, suggesting that housing expenses are 15% less than the national average. This makes Rockwell an attractive option for those looking to save on living costs. Other categories, such as groceries, utilities, transportation, healthcare, and miscellaneous items, hover closely around the national average, enhancing Rockwell's appeal as a balanced and cost-effective living choice.
The cost of living in Rockwell, North Carolina, presents a mix of affordability and minor expense areas when compared to the nationwide average, which is set at 100. Housing costs notably stand at 85, suggesting that homeowners and renters in Rockwell can expect to spend 15% less on housing than the national average. This lower housing index can be a significant benefit for those considering a move to Rockwell, as it can free up more funds for other essential living expenses or savings.
Additionally, grocery prices in Rockwell mirror the national average with an index of 95. This means that the cost of buying food and household supplies is nearly on par with what one might find anywhere else in the country. However, utilities in Rockwell, with an index of 90, reflect a slight decrease of 10% compared to the national average. The transportation index stands at 98, indicating a minor increase of 2% over the national average, which might impact the budget of those who rely on personal vehicles. Healthcare costs are slightly below the national average with an index of 92, offering a modest saving of 8%. Lastly, miscellaneous expenses are at 89, meaning these minor costs are 11% lower than the national average. This blend of lower and comparable expenses provides a balanced cost of living outlook for those considering Rockwell.
