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 (Photos | Homes For Sale)
- Connersville (Photos | Homes For Sale)
- Muncie (Photos | Homes For Sale)
- Greensburg (Photos | Homes For Sale)
- Marion (Photos | Homes For Sale)
- Hartford City (Photos | Homes For Sale)
- Wabash (Photos | Homes For Sale)
- Huntington (Photos | Homes For Sale)
- Garrett (Photos | Homes For Sale)
- Kendallville (Photos | Homes For Sale)
So listen up Munster (the most expensive place in Indiana) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Indiana and the cheapest places in the country:
How We Determined The Cheapest Places To Live In The Hoosier State For 2018
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.
New Castle is a city in Henry County, Indiana, 44 miles east-northeast of Indianapolis, on the Big Blue River. The city is the county seat of Henry County. New Castle is home to New Castle Fieldhouse, the largest high school gymnasium in the world. The city is surrounded by agricultural land. In the past, it was a manufacturing center for the production of sheet iron and steel, automobiles, caskets, clothing, scales, bridges, pianos, furniture, handles, shovels, lathes, bricks, and flour.
Connersville is a city in Fayette County, east central Indiana, United States, 66 miles east by southeast of Indianapolis. The population was 13,481 at the 2010 census. The city is the county seat of and the largest and only incorporated town in Fayette County. It is home to the county’s one and only high school. The economy is supported by local manufacturing, retail and healthcare.
Muncie is an incorporated city and the seat of Delaware County, Indiana. It is located in East Central Indiana, about 50 miles northeast of Indianapolis. The United States Census for 2010 reported the city’s population was 70,085. It is the principal city of the Muncie metropolitan statistical area, which has a population of 117,671.
Greensburg is a city in Decatur County, Indiana, United States. The population was counted at 11,492 at the 2010 census. The city is the county seat of Decatur County.
Marion is a city in Grant County, Indiana, United States. The population was 29,948 as of the 2010 census. The city is the county seat of Grant County. It is named for Francis Marion, a Brigadier General from South Carolina in the American Revolutionary War.
Hartford City is a city in the U.S. state of Indiana, and the county seat of Blackford County. Located in the northeast central portion of the state, the small farming community experienced a 15-year boom beginning in the late 1880s. The Indiana Gas Boom was caused by the discovery of natural gas in the area, and it caused the community to transition from an agricultural economy to one that also included manufacturing. The boom brought residents, retail establishments, and craftspeople. The increased population meant construction of new roads, schools, and churches. After the boom came a long period of growth and stability. Agriculture remained as the fundamental industry.
Wabash is a city in Noble Township, Wabash County, in the U.S. state of Indiana. The population was 10,666 at the 2010 census. The city is the county seat of Wabash County.
Huntington, known as the “Lime City”, is the largest city in and the county seat of Huntington County, Indiana, United States. It is in Huntington and Union townships. The population was 17,391 at the 2010 census.
Garrett is a city in Keyser Township, DeKalb County, Indiana, United States. The population was 6,286 at the 2010 census.
Kendallville is a city in Wayne Township, Noble County, in the U.S. state of Indiana. The population was 9,862 at the 2010 census.
There You Have It Mr. Or Mrs. Indiana Cheapskate
If you’re looking at the cost of living numbers in Indiana, this is an accurate list of the cheapest places to call home.
Here’s a look at the most expensive cities in Indiana according to the data:
For more Indiana reading, check out:
- These Are The 10 Best Places To Retire In Indiana For 2018
- These Are The 10 Best Counties To Live In Indiana
- 10 Safest Places In Indiana
Detailed List Of The Cheapest Places In Indiana