The cost of living index in Wilmore, KY, is notably lower than the nationwide average of 100. Wilmore's overall cost of living index stands at 88, reflecting a 12% reduction compared to the national average. This lower index suggests that residents may find expenses for housing, utilities, transportation, and miscellaneous items more affordable.
The cost of living index in Wilmore, KY, presents a favorable comparison to the nationwide average, which is set at 100. This index shows that housing costs in Wilmore are 20% lower than the national average. Specifically, the housing index is 80, indicating that residents can expect to spend less on rent or mortgage payments compared to the average American.
Other expenses in Wilmore also reflect a lower cost of living. Groceries, for example, are priced at 95, which is 5% below the average. Utilities and healthcare each have an index of 90, meaning they are 10% cheaper than the national average. Transportation costs are at 85, which is 15% lower than the average. Miscellaneous expenses, which include items like clothing and entertainment, are at 88, showing an 12% reduction. Overall, Wilmore offers a more affordable lifestyle in several key areas compared to the nationwide average.
