Cedar Lake, IN Cost Of Living
Cost Of Living In Cedar Lake, IN Summary
Cost of living in Cedar Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cedar Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cedar Lake is 95, with 100 being the average.
The cost of living index in Cedar Lake is 0.9x lower than the national average.
Cedar Lake ranks as the #92 cheapest in Indiana out of 124.
Cedar Lake ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Cedar Lake is $206,400.
The median income in Cedar Lake is $73,611.
Table Of Contents
Cedar Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cedar Lake, IN?
According to the most recent data on the cost of living, Cedar Lake has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Indiana, Cedar Lake has a cost of living index that's 1.0x higher than Indiana's index of 91.
The standard of living in Cedar Lake ranks as #92 most affordable out of the 124 places we measured in Indiana. By definition, that implies Cedar Lake ranks as the #32 most expensive place in the Hoosier State.
For more reading on life in Cedar Lake, check out:
- Living In Cedar Lake
- Cedar Lake Crime Report
- Search Homes For Sale In Cedar Lake, IN
In Indiana
In America
Cedar Lake Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Cedar Lake. Here is how it fairs on each of the criteria:
The Services index in Cedar Lake is 95.
The Groceries index in Cedar Lake is 100.
The Health index in Cedar Lake is 98.
The Housing index in Cedar Lake is 86.
The Transportation index in Cedar Lake is 114.
The Utilities index in Cedar Lake is 90.
| Living Expense | Cedar Lake | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 95 | 91 | 100 | |
| Services | 95 | 94 | 100 | |
| Groceries | 100 | 96 | 100 | |
| Health | 98 | 101 | 100 | |
| Housing | 86 | 77 | 100 | |
| Transportation | 114 | 95 | 100 | |
| Utilities | 90 | 106 | 100 | |
Cedar Lake, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cedar Lake is $206,400.
The Median Rent in Cedar Lake is $991.
The Median Income in Cedar Lake is $73,611.
The Home Value To Income in Cedar Lake is 2.8x.
The Rent To Monthly Income in Cedar Lake is 0.16x.
| Statistic | Cedar Lake | Indiana | United States |
|---|---|---|---|
| Median Home Value | $206,400 | $158,500 | $244,900 |
| Median Rent | $991 | $891 | $1,163 |
| Median Income | $73,611 | $61,944 | $69,021 |
| Home Value To Income | 2.8x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Cedar Lake, IN Costs By Category
Detailed Cedar Lake Services Costs Vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| Shampoo | $0.97 | $1.06 |
| Movie | $8.62 | $10.68 |
| Bowling | $14.73 | $14.67 |
| Haircut | $19.15 | $18.62 |
| Beauty Salon | $32.13 | $39.05 |
Detailed Cedar Lake Groceries Costs Vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| Ground Beef | $4.22 | $4.22 |
| Fried Chicken | $1.52 | $1.39 |
| Milk | $1.99 | $2.05 |
| Potatoes | $3.01 | $3.29 |
| Pizza | $11.69 | $10.62 |
| Beer | $8.72 | $9.38 |
| Toothpaste | $2.2 | $2.34 |
Detailed Cedar Lake Health Costs Vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| Optometrist | $162.5 | $108.57 |
| Doctor | $115.78 | $116.17 |
| Dentist | $94.98 | $99.13 |
Detailed Cedar Lake Transportation Costs Vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| Gasoline | $2.33 | $2.22 |
| Tire Balancing | $63.2 | $50.07 |
Detailed Cedar Lake Utilities Costs Vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| All Electricity | $130.12 | $167.67 |
| Phone | $191.29 | $175.64 |
Cedar Lake SnackAbility
/10
Cost Of Living In Cities Around Cedar Lake
The cost of living varies in the cities and towns around Cedar Lake. Here's a quick look at the cost of living in the most populous nearby places:
Merrillville, IN has a cost of living index of 101, 1.1x Cedar Lake.
Crown Point, IN has a cost of living index of 99, 1.0x Cedar Lake.
Schererville, IN has a cost of living index of 110, 1.2x Cedar Lake.
| City | Population | Cost Of Living | Vs. Cedar Lake |
|---|---|---|---|
| Merrillville, IN | 36,196 | 101 | 1.1x |
| Crown Point, IN | 33,518 | 99 | 1.0x |
| Schererville, IN | 29,381 | 110 | 1.2x |
| Lansing, IL | 28,916 | 98 | 1.0x |
| South Holland, IL | 21,524 | 106 | 1.1x |
| St. John, IN | 19,805 | 108 | 1.1x |
| Homewood, IL | 19,716 | 98 | 1.0x |
| Matteson, IL | 19,047 | 99 | 1.0x |
| Dyer, IN | 16,422 | 108 | 1.1x |
| Hazel Crest, IL | 13,727 | 94 | 1.0x |
