Anderson, IN Cost Of Living
Cost Of Living In Anderson, IN Summary
Cost of living in Anderson 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 Anderson 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 Anderson is 83, with 100 being the average.
The cost of living index in Anderson is 0.8x lower than the national average.
Anderson ranks as the #23 cheapest in Indiana out of 124.
Anderson ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Anderson is $84,600.
The median income in Anderson is $40,632.
Table Of Contents
Anderson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Anderson, IN?
According to the most recent data on the cost of living, Anderson has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Indiana, Anderson has a cost of living index that's 0.9x lower than Indiana's index of 91.
The standard of living in Anderson ranks as #23 most affordable out of the 124 places we measured in Indiana. By definition, that implies Anderson ranks as the #101 most expensive place in the Hoosier State.
For more reading on life in Anderson, check out:
- Living In Anderson
- Anderson Crime Report
- Search Homes For Sale In Anderson, IN
In Indiana
In America
Anderson Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Anderson. Here is how it fairs on each of the criteria:
The Services index in Anderson is 95.
The Groceries index in Anderson is 92.
The Health index in Anderson is 89.
The Housing index in Anderson is 51.
The Transportation index in Anderson is 91.
The Utilities index in Anderson is 103.
| Living Expense | Anderson | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 83 | 91 | 100 | |
| Services | 95 | 94 | 100 | |
| Groceries | 92 | 96 | 100 | |
| Health | 89 | 101 | 100 | |
| Housing | 51 | 77 | 100 | |
| Transportation | 91 | 95 | 100 | |
| Utilities | 103 | 106 | 100 | |
Anderson, 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 Anderson is $84,600.
The Median Rent in Anderson is $814.
The Median Income in Anderson is $40,632.
The Home Value To Income in Anderson is 2.1x.
The Rent To Monthly Income in Anderson is 0.24x.
| Statistic | Anderson | Indiana | United States |
|---|---|---|---|
| Median Home Value | $84,600 | $158,500 | $244,900 |
| Median Rent | $814 | $891 | $1,163 |
| Median Income | $40,632 | $61,944 | $69,021 |
| Home Value To Income | 2.1x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Anderson, IN Costs By Category
Detailed Anderson Services Costs Vs. Indiana
Detailed Anderson Groceries Costs Vs. Indiana
Detailed Anderson Health Costs Vs. Indiana
Detailed Anderson Transportation Costs Vs. Indiana
Detailed Anderson Utilities Costs Vs. Indiana
Anderson SnackAbility
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Cost Of Living In Cities Around Anderson
The cost of living varies in the cities and towns around Anderson. Here's a quick look at the cost of living in the most populous nearby places:
Noblesville, IN has a cost of living index of 98, 1.2x Anderson.
Muncie, IN has a cost of living index of 76, 0.9x Anderson.
Middletown, KY has a cost of living index of 103, 1.2x Anderson.
| City | Population | Cost Of Living | Vs. Anderson |
|---|---|---|---|
| Noblesville, IN | 68,885 | 98 | 1.2x |
| Muncie, IN | 65,571 | 76 | 0.9x |
| Middletown, KY | 9,473 | 103 | 1.2x |
| Elwood, IN | 8,295 | 77 | 0.9x |
