Savoy, IL, has a cost of living index that is slightly lower than the nationwide average. The overall cost of living index for Savoy is 97, which is 3% below the national average of 100. This means that, on average, residents in Savoy can expect to spend less on most goods and services compared to the rest of the country.
Specifically, Savoy's housing index is 90, groceries are 95, and utilities are 105. Healthcare costs are slightly higher at 110, while transportation and miscellaneous expenses are close to the national average. This balanced distribution makes Savoy a potentially attractive location for those looking to manage living expenses effectively.
Savoy, IL, presents a cost of living that is slightly below the nationwide average. The housing index stands at 90, which means housing costs are 10% lower than the national average. This can be a significant advantage for job seekers looking to secure more affordable living arrangements. Additionally, groceries in Savoy are priced at 95, indicating a 5% savings compared to the national average. This makes everyday essentials more accessible for residents.
Utilities in Savoy, however, are slightly higher, with an index of 105, reflecting a 5% increase over the national average. Transportation costs remain on par with the national average, with an index of 100, offering no significant advantage or disadvantage in this area. Healthcare costs are notably higher, with an index of 110, meaning they are 10% above the national average. This could be a consideration for those prioritizing healthcare expenses. Miscellaneous costs in Savoy are at 98, showing a minor 2% decrease compared to the national average. Overall, Savoy offers a balanced cost of living with some areas providing savings and others requiring more budget planning.
