Wise, VA, presents a cost of living that is notably lower than the nationwide average. The overall cost of living index for Wise stands at 88, which is 12% below the national benchmark of 100. This lower index makes Wise an attractive option for those seeking more affordable living conditions.
Specifically, housing costs in Wise are 20% below the national average, while groceries and utilities are slightly above average. Transportation and healthcare costs also remain close to the national average, offering a balanced living experience. This combination of lower housing costs and comparable prices in other areas makes Wise a practical choice for budget-conscious individuals.
Wise, VA, presents a cost of living that is notably lower than the nationwide average, which is set at 100. The housing index in Wise stands at 80, indicating that housing costs are 20% lower than the national average. This makes Wise an attractive option for those looking to save on housing expenses without sacrificing quality of living.
In addition to housing, the transportation index in Wise is 85, which is 15% below the national average. This suggests that residents can expect to spend less on commuting and vehicle-related expenses. Groceries, utilities, healthcare, and miscellaneous costs also show a favorable comparison. Groceries are priced at 90, utilities at 95, healthcare at 95, and miscellaneous items at 88, all of which are within 10% of the national average. This overall trend highlights Wise as a cost-effective location for various living expenses.
