Greenville cost of living lower than state, national averages
This article originally appeared on Herald Banner
By Kent Miller
Greenville residents are getting more bang for their bucks than the state and national averages, according to a recently released report from doxoInsights featured on CNBC.
Per the report, Greenville residents spend an average of $1,707 a month (or $20,478 a year) for the most-common household bills compared to the state average of $2,110 and the national average of $2,046. Greenville ranks as the 188th most expensive city in Texas.
In terms of cost of living, Greenville is 16.6% lower than the national average and 19.1% lower than the state average.
Greenville households spend 36% of their income on household bills.
According to the doxoInsights report, Greenville residents monthly spend on average $1,212 for a mortgage (or $1,076 for rent), $333 for auto loans, $278 for utilities, $111 for health insurance, $130 for auto insurance, $118 for cable and Internet, $57 for life insurance, $135 for cellular service and $80 for alarm/security.
The national costs for each of those categories was $1,321 for a mortgage (or $1,191 for rent), $467 for auto loans, $278 on utilities, $120 for health insurance, $207 for auto insurance, $118 for cable and Internet, $89 for life insurance, $119 for cellular service and $84 for alarm/security.
The report did not list costs for such expenses as gas, groceries, credit card bills, entertainment or several others.