A wise sage once said “she works hard for the money” and these places in Indiana definitely treat her right.
You see, these are the places in Indiana where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Hoosier State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 95 largest places in Indiana, we were left with this set of the best value for your money:
- New Castle
- Hartford City
So listen up Munster as we explain how we created this ranking, you could learn some things from the rest of the state.
How We Determined The Most Affordable Places To Live In The Hoosier State
There are basic necessities that you have to buy no matter where in the country you live. Those things include:
- Health Insurance
You can then compare the cost of these things in each of the places in Indiana to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States.
So we used that cost of living index in order to rank all of the 95 places in Indiana that have more than 5,000 people.
And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 90 means it’s 10% less expensive.
San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.
1. New Castle
Population: 18,066 Services: 85
Population: 13,479 Services: 85
Population: 70,033 Services: 85
Population: 30,088 Services: 96
5. Hartford City
Population: 6,207 Services: 96
Population: 17,855 Services: 97
Population: 10,644 Services: 96
Population: 17,385 Services: 96
Population: 5,987 Services: 96
Population: 9,943 Services: 96
Detailed List Of Affordable Places In Indiana