Greencastle, IN Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Greencastle, IN Summary

Cost of living in Greencastle 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 Greencastle 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 Greencastle is 87, with 100 being the average.

  • The cost of living index in Greencastle is 0.9x lower than the national average.

  • Greencastle ranks as the #55 cheapest in Indiana out of 124.

  • Greencastle ranks as the #1,101 cheapest out of 6,412 in the US.

  • The median home value in Greencastle is $125,400.

  • The median income in Greencastle is $47,091.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
87
Greencastle's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Greencastle, IN?

According to the most recent data on the cost of living, Greencastle has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.

Compared to Indiana, Greencastle has a cost of living index that's 1.0x lower than Indiana's index of 91.

The standard of living in Greencastle ranks as #55 most affordable out of the 124 places we measured in Indiana. By definition, that implies Greencastle ranks as the #69 most expensive place in the Hoosier State.

For more reading on life in Greencastle, check out:

55 out of 124
In Indiana
1,101 out of 6,412
In America

Greencastle Cost Of Living Vs. Indiana

Six factors go into calculating the cost of living index in Greencastle. Here is how it fairs on each of the criteria:

  • The Services index in Greencastle is 107.

  • The Groceries index in Greencastle is 100.

  • The Health index in Greencastle is 99.

  • The Housing index in Greencastle is 60.

  • The Transportation index in Greencastle is 99.

  • The Utilities index in Greencastle is 95.

Living Expense Greencastle Indiana National Average
Overall 87 91 100
Services 107 94 100
Groceries 100 96 100
Health 99 101 100
Housing 60 77 100
Transportation 99 95 100
Utilities 95 106 100
For more reading on cost of living around Indiana, check out:
Greencastle Cost of Living Vs. IN

Greencastle, 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 Greencastle is $125,400.

  • The Median Rent in Greencastle is $829.

  • The Median Income in Greencastle is $47,091.

  • The Home Value To Income in Greencastle is 2.7x.

  • The Rent To Monthly Income in Greencastle is 0.21x.

Statistic Greencastle Indiana United States
Median Home Value $125,400 $158,500 $244,900
Median Rent $829 $891 $1,163
Median Income $47,091 $61,944 $69,021
Home Value To Income 2.7x 2.6x 3.5x
Rent To Monthly Income 0.21x 0.17x 0.2x
Search Homes For Sale In Greencastle, IN
$125,400
Median Home Value
$829
Median Rent
$47,091
Median Income

Greencastle, IN Costs By Category

Detailed Greencastle Services Costs Vs. Indiana

Item Greencastle Indiana
Shampoo $0.97 $1.06
Movie $10.84 $10.68
Bowling $16.8 $14.67
Haircut $21.78 $18.62
Beauty Salon $40.22 $39.05

Detailed Greencastle Groceries Costs Vs. Indiana

Item Greencastle Indiana
Ground Beef $4.5 $4.22
Fried Chicken $1.57 $1.39
Milk $1.39 $2.05
Potatoes $3.17 $3.29
Pizza $11.32 $10.62
Beer $9.05 $9.38
Toothpaste $1.87 $2.34

Detailed Greencastle Health Costs Vs. Indiana

Item Greencastle Indiana
Optometrist $132.05 $108.57
Doctor $100.0 $116.17
Dentist $98.07 $99.13

Detailed Greencastle Transportation Costs Vs. Indiana

Item Greencastle Indiana
Gasoline $2.29 $2.22
Tire Balancing $45.48 $50.07

Detailed Greencastle Utilities Costs Vs. Indiana

Item Greencastle Indiana
All Electricity $147.72 $167.67
Phone $184.27 $175.64

Greencastle SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
6
Affordability
8
Diversity
6
Safety
N/A
Amenities
8.5
Education
6
Commute
9

Cost Of Living In Cities Around Greencastle

The cost of living varies in the cities and towns around Greencastle. Here's a quick look at the cost of living in the most populous nearby places:

  • Carmel, IN has a cost of living index of 114, 1.3x Greencastle.

  • Bloomington, IN has a cost of living index of 97, 1.1x Greencastle.

  • Lawrence, IN has a cost of living index of 87, 1.0x Greencastle.

City Population Cost Of Living Vs. Greencastle
Carmel, IN 98,137 114 1.3x
Bloomington, IN 80,064 97 1.1x
Lawrence, IN 49,048 87 1.0x
Westfield, IN 45,695 103 1.2x
Zionsville, IN 30,258 118 1.4x
Brownsburg, IN 28,420 95 1.1x
Danville, IN 10,424 92 1.1x
Paris, IL 8,553 82 0.9x
Cumberland, IN 5,860 93 1.1x
New Whiteland, IN 5,565 91 1.0x

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