Wabash, IN Cost Of Living

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

Cost Of Living In Wabash, IN Summary

Cost of living in Wabash 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 Wabash 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 Wabash is 78, with 100 being the average.

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

  • Wabash ranks as the #14 cheapest in Indiana out of 124.

  • Wabash ranks as the #113 cheapest out of 6,412 in the US.

  • The median home value in Wabash is $89,700.

  • The median income in Wabash is $47,132.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
78
Wabash's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Wabash, IN?

According to the most recent data on the cost of living, Wabash has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.

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

The standard of living in Wabash ranks as #14 most affordable out of the 124 places we measured in Indiana. By definition, that implies Wabash ranks as the #110 most expensive place in the Hoosier State.

For more reading on life in Wabash, check out:

14 out of 124
In Indiana
113 out of 6,412
In America

Wabash Cost Of Living Vs. Indiana

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

  • The Services index in Wabash is 87.

  • The Groceries index in Wabash is 87.

  • The Health index in Wabash is 102.

  • The Housing index in Wabash is 47.

  • The Transportation index in Wabash is 94.

  • The Utilities index in Wabash is 94.

Living Expense Wabash Indiana National Average
Overall 78 91 100
Services 87 94 100
Groceries 87 96 100
Health 102 101 100
Housing 47 77 100
Transportation 94 95 100
Utilities 94 106 100
For more reading on cost of living around Indiana, check out:
Wabash Cost of Living Vs. IN

Wabash, 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 Wabash is $89,700.

  • The Median Rent in Wabash is $606.

  • The Median Income in Wabash is $47,132.

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

  • The Rent To Monthly Income in Wabash is 0.15x.

Statistic Wabash Indiana United States
Median Home Value $89,700 $158,500 $244,900
Median Rent $606 $891 $1,163
Median Income $47,132 $61,944 $69,021
Home Value To Income 1.9x 2.6x 3.5x
Rent To Monthly Income 0.15x 0.17x 0.2x
Search Homes For Sale In Wabash, IN
$89,700
Median Home Value
$606
Median Rent
$47,132
Median Income

Wabash, IN Costs By Category

Detailed Wabash Services Costs Vs. Indiana

Item Wabash 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 Wabash Groceries Costs Vs. Indiana

Item Wabash 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 Wabash Health Costs Vs. Indiana

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

Detailed Wabash Transportation Costs Vs. Indiana

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

Detailed Wabash Utilities Costs Vs. Indiana

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

Wabash SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
4
Affordability
8.5
Diversity
4
Safety
N/A
Amenities
8
Education
6
Commute
9

Cost Of Living In Cities Around Wabash

The cost of living varies in the cities and towns around Wabash. 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 Wabash.

  • Kokomo, IN has a cost of living index of 77, 1.0x Wabash.

  • Huntington, IN has a cost of living index of 83, 1.1x Wabash.

City Population Cost Of Living Vs. Wabash
Fort Wayne, IN 262,676 84 1.1x
Kokomo, IN 59,263 77 1.0x
Huntington, IN 17,018 83 1.1x
New Haven, IN 15,922 84 1.1x
Warsaw, IN 15,905 86 1.1x
Peru, IN 11,123 77 1.0x
Decatur, IN 9,630 84 1.1x
Nappanee, IN 7,132 83 1.1x
Monticello, IN 5,508 85 1.1x
North Manchester, IN 5,269 85 1.1x

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