Woodstock, IL, has a cost of living that is generally lower than the nationwide average. Based on the index, the overall cost of living in Woodstock is about 93. This means that residents spend around 7% less than the national average. Housing costs 15% less, while groceries, utilities, and miscellaneous expenses are slightly lower, ranging from 5% to 10% less. However, transportation costs 5% higher, and healthcare costs stay on par with the national average.
The cost of living index in Woodstock, Illinois, presents a balanced view for job seekers considering relocation. Compared to the nationwide average, which is set at 100, Woodstock offers a relatively affordable lifestyle. Housing, one of the primary expenses, stands at an index of 85, making it 15% cheaper than the national average. This reduced cost could help individuals allocate more funds to other essential areas or savings.
Additionally, the cost of groceries in Woodstock is slightly below the average, with an index of 95, showing a 5% savings on food expenses. Utilities are also more affordable, with an index of 90, offering a 10% reduction in utility costs. On the flip side, transportation costs are 5% higher, with an index of 105, which might require a bit more budget planning. Healthcare and miscellaneous costs align closely with the national average, with indices of 100 and 92, respectively, ensuring that these essential areas remain manageable.
