Griffith, IN Cost Of Living

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

Cost Of Living In Griffith, IN Summary

Cost of living in Griffith 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 Griffith 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 Griffith is 98, with 100 being the average.

  • The cost of living index in Griffith is 1.0x lower than the national average.

  • Griffith ranks as the #101 cheapest in Indiana out of 124.

  • Griffith ranks as the #2,890 cheapest out of 6,412 in the US.

  • The median home value in Griffith is $155,100.

  • The median income in Griffith is $64,265.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
98
Griffith's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Griffith, IN?

According to the most recent data on the cost of living, Griffith has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.

Compared to Indiana, Griffith has a cost of living index that's 1.1x higher than Indiana's index of 91.

The standard of living in Griffith ranks as #101 most affordable out of the 124 places we measured in Indiana. By definition, that implies Griffith ranks as the #23 most expensive place in the Hoosier State.

For more reading on life in Griffith, check out:

101 out of 124
In Indiana
2,890 out of 6,412
In America

Griffith Cost Of Living Vs. Indiana

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

  • The Services index in Griffith is 112.

  • The Groceries index in Griffith is 108.

  • The Health index in Griffith is 98.

  • The Housing index in Griffith is 79.

  • The Transportation index in Griffith is 113.

  • The Utilities index in Griffith is 95.

Living Expense Griffith Indiana National Average
Overall 98 91 100
Services 112 94 100
Groceries 108 96 100
Health 98 101 100
Housing 79 77 100
Transportation 113 95 100
Utilities 95 106 100
For more reading on cost of living around Indiana, check out:
Griffith Cost of Living Vs. IN

Griffith, 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 Griffith is $155,100.

  • The Median Rent in Griffith is $978.

  • The Median Income in Griffith is $64,265.

  • The Home Value To Income in Griffith is 2.4x.

  • The Rent To Monthly Income in Griffith is 0.18x.

Statistic Griffith Indiana United States
Median Home Value $155,100 $158,500 $244,900
Median Rent $978 $891 $1,163
Median Income $64,265 $61,944 $69,021
Home Value To Income 2.4x 2.6x 3.5x
Rent To Monthly Income 0.18x 0.17x 0.2x
Search Homes For Sale In Griffith, IN
$155,100
Median Home Value
$978
Median Rent
$64,265
Median Income

Griffith, IN Costs By Category

Detailed Griffith Services Costs Vs. Indiana

Item Griffith Indiana
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05

Detailed Griffith Groceries Costs Vs. Indiana

Item Griffith Indiana
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Toothpaste $2.46 $2.34

Detailed Griffith Health Costs Vs. Indiana

Item Griffith Indiana
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Griffith Transportation Costs Vs. Indiana

Item Griffith Indiana
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07

Detailed Griffith Utilities Costs Vs. Indiana

Item Griffith Indiana
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Griffith SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
7
Affordability
8.5
Diversity
9
Safety
N/A
Amenities
8.5
Education
8
Commute
4

Cost Of Living In Cities Around Griffith

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

  • Hammond, IN has a cost of living index of 95, 1.0x Griffith.

  • Gary, IN has a cost of living index of 91, 0.9x Griffith.

  • Tinley Park, IL has a cost of living index of 105, 1.1x Griffith.

City Population Cost Of Living Vs. Griffith
Hammond, IN 77,491 95 1.0x
Gary, IN 69,739 91 0.9x
Tinley Park, IL 55,988 105 1.1x
Merrillville, IN 36,196 101 1.0x
Schererville, IN 29,381 110 1.1x
Lansing, IL 28,916 98 1.0x
Oak Forest, IL 27,445 99 1.0x
Munster, IN 23,717 109 1.1x
South Holland, IL 21,524 106 1.1x
Evergreen Park, IL 19,884 104 1.1x

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