Martinsville, IN Cost Of Living

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

Cost Of Living In Martinsville, IN Summary

Cost of living in Martinsville 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 Martinsville 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 Martinsville is 86, with 100 being the average.

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

  • Martinsville ranks as the #48 cheapest in Indiana out of 124.

  • Martinsville ranks as the #938 cheapest out of 6,412 in the US.

  • The median home value in Martinsville is $119,100.

  • The median income in Martinsville is $52,599.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Martinsville's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Martinsville, IN?

According to the most recent data on the cost of living, Martinsville has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.

Compared to Indiana, Martinsville has a cost of living index that's 0.9x lower than Indiana's index of 91.

The standard of living in Martinsville ranks as #48 most affordable out of the 124 places we measured in Indiana. By definition, that implies Martinsville ranks as the #76 most expensive place in the Hoosier State.

For more reading on life in Martinsville, check out:

48 out of 124
In Indiana
938 out of 6,412
In America

Martinsville Cost Of Living Vs. Indiana

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

  • The Services index in Martinsville is 106.

  • The Groceries index in Martinsville is 101.

  • The Health index in Martinsville is 98.

  • The Housing index in Martinsville is 58.

  • The Transportation index in Martinsville is 100.

  • The Utilities index in Martinsville is 94.

Living Expense Martinsville Indiana National Average
Overall 86 91 100
Services 106 94 100
Groceries 101 96 100
Health 98 101 100
Housing 58 77 100
Transportation 100 95 100
Utilities 94 106 100
For more reading on cost of living around Indiana, check out:
Martinsville Cost of Living Vs. IN

Martinsville, 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 Martinsville is $119,100.

  • The Median Rent in Martinsville is $775.

  • The Median Income in Martinsville is $52,599.

  • The Home Value To Income in Martinsville is 2.3x.

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

Statistic Martinsville Indiana United States
Median Home Value $119,100 $158,500 $244,900
Median Rent $775 $891 $1,163
Median Income $52,599 $61,944 $69,021
Home Value To Income 2.3x 2.6x 3.5x
Rent To Monthly Income 0.18x 0.17x 0.2x
Search Homes For Sale In Martinsville, IN
$119,100
Median Home Value
$775
Median Rent
$52,599
Median Income

Martinsville, IN Costs By Category

Detailed Martinsville Services Costs Vs. Indiana

Item Martinsville 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 Martinsville Groceries Costs Vs. Indiana

Item Martinsville 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 Martinsville Health Costs Vs. Indiana

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

Detailed Martinsville Transportation Costs Vs. Indiana

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

Detailed Martinsville Utilities Costs Vs. Indiana

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

Martinsville SnackAbility

4
/10
Overall SnackAbility
Jobs
6/10
Housing
5
Affordability
8.5
Diversity
3
Safety
N/A
Amenities
8.5
Education
4
Commute
6

Cost Of Living In Cities Around Martinsville

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

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

  • Mooresville, IN has a cost of living index of 89, 1.0x Martinsville.

  • Bargersville, IN has a cost of living index of 93, 1.1x Martinsville.

City Population Cost Of Living Vs. Martinsville
Bloomington, IN 80,064 97 1.1x
Mooresville, IN 9,429 89 1.0x
Bargersville, IN 9,024 93 1.1x
Ellettsville, IN 6,559 92 1.1x
New Whiteland, IN 5,565 91 1.1x

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