Troy, MO, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Troy stands at 92, which is 8% below the national average of 100. This lower cost of living makes it an attractive option for job seekers looking to maximize their budget.
Specifically, housing in Troy is 17% cheaper than the average, while groceries are only 5% below the national average. Utilities and transportation costs are slightly above average, but healthcare and miscellaneous expenses remain competitive. This balanced cost structure provides a favorable environment for those seeking both affordability and quality of life.
The cost of living in Troy, MO, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Troy stand at 83, indicating that residents can expect to pay about 17% less than the national average for housing. This lower housing index can be a significant advantage for those looking to settle in Troy, as it provides more affordability without compromising on living standards.
In addition to housing, other cost categories in Troy also show competitive rates. Groceries, utilities, transportation, healthcare, and miscellaneous expenses are all slightly below or close to the national average. For instance, groceries cost 95, utilities 97, transportation 92, healthcare 98, and miscellaneous expenses 90. These figures suggest that while some areas like healthcare slightly exceed the national average, the overall cost of living in Troy remains quite reasonable, making it an attractive option for professional job seekers.
