Winfield, IN Cost Of Living
Cost Of Living In Winfield, IN Summary
Cost of living in Winfield 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 Winfield 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 Winfield is 119, with 100 being the average.
The cost of living index in Winfield is 1.2x higher than the national average.
Winfield ranks as the #124 cheapest in Indiana out of 124.
Winfield ranks as the #4,736 cheapest out of 6,412 in the US.
The median home value in Winfield is $302,800.
The median income in Winfield is $113,352.
Table Of Contents
Winfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Winfield, IN?
According to the most recent data on the cost of living, Winfield has an overall cost of living index of 119, which is 1.2x higher than the national index of 100.
Compared to Indiana, Winfield has a cost of living index that's 1.3x higher than Indiana's index of 91.
The standard of living in Winfield ranks as #124 most affordable out of the 124 places we measured in Indiana. By definition, that implies Winfield ranks as the #0 most expensive place in the Hoosier State.
For more reading on life in Winfield, check out:
- Living In Winfield
- Search Homes For Sale In Winfield, IN
In Indiana
In America
Winfield Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Winfield. Here is how it fairs on each of the criteria:
The Services index in Winfield is 113.
The Groceries index in Winfield is 109.
The Health index in Winfield is 100.
The Housing index in Winfield is 139.
The Transportation index in Winfield is 112.
The Utilities index in Winfield is 92.
| Living Expense | Winfield | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 119 | 91 | 100 | |
| Services | 113 | 94 | 100 | |
| Groceries | 109 | 96 | 100 | |
| Health | 100 | 101 | 100 | |
| Housing | 139 | 77 | 100 | |
| Transportation | 112 | 95 | 100 | |
| Utilities | 92 | 106 | 100 | |
Winfield, 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 Winfield is $302,800.
The Median Rent in Winfield is $1,908.
The Median Income in Winfield is $113,352.
The Home Value To Income in Winfield is 2.7x.
The Rent To Monthly Income in Winfield is 0.2x.
| Statistic | Winfield | Indiana | United States |
|---|---|---|---|
| Median Home Value | $302,800 | $158,500 | $244,900 |
| Median Rent | $1,908 | $891 | $1,163 |
| Median Income | $113,352 | $61,944 | $69,021 |
| Home Value To Income | 2.7x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Winfield, IN Costs By Category
Detailed Winfield Services Costs Vs. Indiana
Detailed Winfield Groceries Costs Vs. Indiana
Detailed Winfield Health Costs Vs. Indiana
Detailed Winfield Transportation Costs Vs. Indiana
Detailed Winfield Utilities Costs Vs. Indiana
Winfield SnackAbility
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Cost Of Living In Cities Around Winfield
The cost of living varies in the cities and towns around Winfield. Here's a quick look at the cost of living in the most populous nearby places:
Merrillville, IN has a cost of living index of 101, 0.8x Winfield.
Valparaiso, IN has a cost of living index of 103, 0.9x Winfield.
Crown Point, IN has a cost of living index of 99, 0.8x Winfield.
| City | Population | Cost Of Living | Vs. Winfield |
|---|---|---|---|
| Merrillville, IN | 36,196 | 101 | 0.8x |
| Valparaiso, IN | 33,820 | 103 | 0.9x |
| Crown Point, IN | 33,518 | 99 | 0.8x |
| Hobart, IN | 29,516 | 99 | 0.8x |
| Lansing, IL | 28,916 | 98 | 0.8x |
| Munster, IN | 23,717 | 109 | 0.9x |
| Dyer, IN | 16,422 | 108 | 0.9x |
| Lowell, IN | 10,569 | 97 | 0.8x |
| Steger, IL | 9,568 | 90 | 0.8x |
| Lynwood, IL | 9,095 | 101 | 0.8x |
