Troy, IL, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Troy stands at 90, which is 10% below the national benchmark of 100. This lower cost of living makes Troy an attractive option for job seekers looking to maximize their purchasing power.
Specifically, housing in Troy is 19% cheaper than the national average, while groceries and utilities are slightly below the average. Transportation costs are also 10% lower, and healthcare expenses are 8% less. This comprehensive reduction in living expenses can significantly enhance the quality of life for residents.
The cost of living index in Troy, IL, shows a favorable comparison to the nationwide average, which is set at 100. Housing costs in Troy stand at 81, indicating that residents spend 19% less on housing compared to the national average. This lower housing cost can be a significant advantage for those looking to settle in Troy, as it provides more disposable income for other expenses.
Other areas of the cost of living also reflect a generally lower expense in Troy. Groceries cost 95, which is 5% less than the national average. Utilities are slightly higher at 97, but only by 3% above the national average. Transportation costs are at 90, meaning 10% less than the nationwide average. Healthcare costs are at 92, which is 8% below the average. Miscellaneous expenses are at 88, showing a 12% reduction compared to the national average. Overall, Troy offers a cost of living that is 12% less than the average, making it an attractive option for budget-conscious individuals.
