Marion, IN Cost Of Living

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

Cost Of Living In Marion, IN Summary

Cost of living in Marion 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 Marion 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 Marion is 77, with 100 being the average.

  • The cost of living index in Marion is 0.8x lower than the national average.

  • Marion ranks as the #10 cheapest in Indiana out of 124.

  • Marion ranks as the #78 cheapest out of 6,412 in the US.

  • The median home value in Marion is $70,100.

  • The median income in Marion is $37,835.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
77
Marion's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Marion, IN?

According to the most recent data on the cost of living, Marion has an overall cost of living index of 77, which is 0.8x lower than the national index of 100.

Compared to Indiana, Marion has a cost of living index that's 0.8x lower than Indiana's index of 91.

The standard of living in Marion ranks as #10 most affordable out of the 124 places we measured in Indiana. By definition, that implies Marion ranks as the #114 most expensive place in the Hoosier State.

For more reading on life in Marion, check out:

10 out of 124
In Indiana
78 out of 6,412
In America

Marion Cost Of Living Vs. Indiana

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

  • The Services index in Marion is 87.

  • The Groceries index in Marion is 89.

  • The Health index in Marion is 101.

  • The Housing index in Marion is 46.

  • The Transportation index in Marion is 93.

  • The Utilities index in Marion is 97.

Living Expense Marion Indiana National Average
Overall 77 91 100
Services 87 94 100
Groceries 89 96 100
Health 101 101 100
Housing 46 77 100
Transportation 93 95 100
Utilities 97 106 100
For more reading on cost of living around Indiana, check out:
Marion Cost of Living Vs. IN

Marion, 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 Marion is $70,100.

  • The Median Rent in Marion is $716.

  • The Median Income in Marion is $37,835.

  • The Home Value To Income in Marion is 1.9x.

  • The Rent To Monthly Income in Marion is 0.23x.

Statistic Marion Indiana United States
Median Home Value $70,100 $158,500 $244,900
Median Rent $716 $891 $1,163
Median Income $37,835 $61,944 $69,021
Home Value To Income 1.9x 2.6x 3.5x
Rent To Monthly Income 0.23x 0.17x 0.2x
Search Homes For Sale In Marion, IN
$70,100
Median Home Value
$716
Median Rent
$37,835
Median Income

Marion, IN Costs By Category

Detailed Marion Services Costs Vs. Indiana

Item Marion Indiana
Shampoo $0.92 $1.06
Movie $5.99 $10.68
Bowling $10.0 $14.67
Haircut $16.99 $18.62
Beauty Salon $26.66 $39.05

Detailed Marion Groceries Costs Vs. Indiana

Item Marion Indiana
Ground Beef $3.5 $4.22
Fried Chicken $1.42 $1.39
Milk $1.12 $2.05
Potatoes $2.8 $3.29
Pizza $9.99 $10.62
Beer $8.71 $9.38
Toothpaste $2.37 $2.34

Detailed Marion Health Costs Vs. Indiana

Item Marion Indiana
Optometrist $138.0 $108.57
Doctor $112.78 $116.17
Dentist $95.67 $99.13

Detailed Marion Transportation Costs Vs. Indiana

Item Marion Indiana
Gasoline $2.22 $2.22
Tire Balancing $40.73 $50.07

Detailed Marion Utilities Costs Vs. Indiana

Item Marion Indiana
All Electricity $156.13 $167.67
Phone $184.27 $175.64

Marion SnackAbility

5
/10
Overall SnackAbility
Jobs
4/10
Housing
4
Affordability
8
Diversity
8
Safety
N/A
Amenities
8.5
Education
5
Commute
9.5

Cost Of Living In Cities Around Marion

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

  • Fort Wayne, IN has a cost of living index of 84, 1.1x Marion.

  • Carmel, IN has a cost of living index of 114, 1.5x Marion.

  • Noblesville, IN has a cost of living index of 98, 1.3x Marion.

City Population Cost Of Living Vs. Marion
Fort Wayne, IN 262,676 84 1.1x
Carmel, IN 98,137 114 1.5x
Noblesville, IN 68,885 98 1.3x
Westfield, IN 45,695 103 1.3x
Frankfort, IN 16,134 85 1.1x
Warsaw, IN 15,905 86 1.1x
Decatur, IN 9,630 84 1.1x
Middletown, KY 9,473 103 1.3x

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