The cost of living index in Troy, MO, stands at a more affordable 88 compared to the nationwide average of 100. This index reflects a general 12% reduction in living expenses for residents of Troy. Lower costs in housing, utilities, and miscellaneous expenses contribute to the overall decrease.
The cost of living in Troy, MO, reveals some interesting comparisons when measured against the nationwide average. Housing costs in Troy are notably lower, standing at 75% of the national index. This means that people in Troy can expect to pay less for housing compared to the average American. Lower housing costs can be a significant advantage for those considering moving to Troy.
When looking at other expenses, Troy’s cost of living shows mixed results. Groceries are slightly lower, at 90% of the national average, while utilities are a bit higher at 95%. Transportation costs in Troy are 85% of the national average, making them a bit cheaper. Healthcare costs are the same as the national average at 100%, which provides a neutral comparison. Finally, miscellaneous costs are at 80% of the national average, indicating these items are also cheaper in Troy. Overall, Troy offers a cost of living that can be more affordable in several key areas.
