U.S. News & World Report’s Affordability Rankings ranked it the 6th most affordable state in the nation. MERIC data actually ranked Indiana 11th in the nation in terms of costs of living, largely due to Indiana’s affordable housing and grocery costs.
Is Indiana a cheap place to live?
Indiana is the tenth-cheapest state to live in the United States. Average costs are 10% lower than the national average, and costs in all categories are below the national average. Housing in Indiana is the eighth cheapest in the United States.
What is the average monthly cost of living in Indiana?
Summary about cost of living in Indianapolis, IN, United States: Family of four estimated monthly costs are 3,556$ without rent. A single person estimated monthly costs are 1,009$ without rent.
Where is it cheapest to live in Indiana?
Here are the top 10 cheapest places to live in Indiana:
- New Whiteland.
- Wabash.
- Rushville.
- North Vernon.
- Elwood.
- Princeton.
- North Manchester.
- Huntington.
Where does Indiana rank in cost of living?
7
The city with the lowest cost of living index for 2022 was St. Louis, with an index of 85.0. The city with the highest cost of living was Columbia, with an index of 95.2.
2022 First Quarter Cost of Living.
| Rank | 1 | 7 |
|---|---|---|
| State | Mississippi | Indiana |
| Index | 83.1 | 89.2 |
| Grocery | 92.3 | 93.4 |
| Housing | 63.8 | 75.9 |
What is the cheapest US state to live in?
Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
Which US state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
How much money do you need to live comfortably in Indiana?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $27,201 | $59,828 |
| Annual taxes | $5,643 | $12,410 |
| Required annual income before taxes | $32,844 | $72,238 |
Is it cheaper to live in Texas or Indiana?
Indiana is 4.7% cheaper than Texas.
Is it cheaper to live in Florida or Indiana?
Indiana is 11.7% cheaper than Florida.
Is Indiana a safe place to live?
At A Glance:
With #1 being the best, Indiana is ranked #21 for property crime out of 50 states + Washington, D.C. You have a 1.97% chance of being a property crime victim in Indiana in the next 12 months. Indiana’s property crime rate is 7% lower than the average crime rate in the United States.
Is it cheaper to live in Indiana or Ohio?
Ohio is 5.5% more expensive than Indiana.
What’s the best place to live in Indiana?
Moving to Indiana? These are the best places to live, according to Niche
- Carmel.
- Fishers.
- Zionsville.
- Granger.
- Westfield.
- Meridian Hills.
- Delaware Trails.
- Broad Ripple.
What is the best state to live in financially?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall.
Is Indiana a good state to live in?
Is Indiana a Good Place to Live? Indiana is one of the best states to live in because it boasts the lowest cost of living, low crime rates, and plenty of job opportunities with a growing automotive industry. As the state with the lowest cost of living, it also makes sense that it has incredibly affordable housing.
Is Indiana a poor state?
Indiana has the third-lowest poverty rate in the nation, according to the U.S. Census Bureau (see Figure 1).
Which state is most expensive to live in?
Hawaii
Hawaii is the most expensive state to live in the United States. With a cost of living index of 193.3, the cost of living in Hawaii is nearly twice the national average. Hawaii has the highest costs across all indexes, except healthcare.
Where is the least expensive place to live?
2021 found Wichita, KS to be the nation’s most affordable city, with median studio rent coming in at $500 a month. This determination was made based on the fact that a single person making the average income in Wichita only needs to spend 13.63 percent of their salary on housing to live alone.
What’s the best state to move to?
Overall Rankings
- #1. Washington.
- #2. Minnesota.
- #3. Utah.
- #4. New Hampshire.
- #5. Idaho.
Where is the cheapest rent in the United States?
The 50 cheapest places to rent in the U.S.
| Rank | City | Avg. Studio Rent |
|---|---|---|
| 1 | Grand Forks, ND | $676 |
| 2 | Fargo, ND | $626 |
| 3 | Baton Rouge, LA | $586 |
| 4 | Omaha, NE | $827 |
What is a good hourly wage in Indiana?
Hourly Salary in Indiana
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,700 | $28 |
| 75th Percentile | $41,325 | $20 |
| Average | $41,807 | $20 |
| 25th Percentile | $25,828 | $12 |