Goshen, IN Cost Of Living
Cost Of Living In Goshen, IN Summary
Cost of living in Goshen 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 Goshen 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 Goshen is 87, with 100 being the average.
The cost of living index in Goshen is 0.9x lower than the national average.
Goshen ranks as the #55 cheapest in Indiana out of 124.
Goshen ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Goshen is $141,900.
The median income in Goshen is $52,215.
Table Of Contents
Goshen's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Goshen, IN?
According to the most recent data on the cost of living, Goshen has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Indiana, Goshen has a cost of living index that's 1.0x lower than Indiana's index of 91.
The standard of living in Goshen ranks as #55 most affordable out of the 124 places we measured in Indiana. By definition, that implies Goshen ranks as the #69 most expensive place in the Hoosier State.
For more reading on life in Goshen, check out:
- Living In Goshen
- Goshen Crime Report
- Search Homes For Sale In Goshen, IN
In Indiana
In America
Goshen Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Goshen. Here is how it fairs on each of the criteria:
The Services index in Goshen is 90.
The Groceries index in Goshen is 92.
The Health index in Goshen is 109.
The Housing index in Goshen is 64.
The Transportation index in Goshen is 91.
The Utilities index in Goshen is 96.
| Living Expense | Goshen | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 87 | 91 | 100 | |
| Services | 90 | 94 | 100 | |
| Groceries | 92 | 96 | 100 | |
| Health | 109 | 101 | 100 | |
| Housing | 64 | 77 | 100 | |
| Transportation | 91 | 95 | 100 | |
| Utilities | 96 | 106 | 100 | |
Goshen, 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 Goshen is $141,900.
The Median Rent in Goshen is $893.
The Median Income in Goshen is $52,215.
The Home Value To Income in Goshen is 2.7x.
The Rent To Monthly Income in Goshen is 0.21x.
| Statistic | Goshen | Indiana | United States |
|---|---|---|---|
| Median Home Value | $141,900 | $158,500 | $244,900 |
| Median Rent | $893 | $891 | $1,163 |
| Median Income | $52,215 | $61,944 | $69,021 |
| Home Value To Income | 2.7x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Goshen, IN Costs By Category
Detailed Goshen Services Costs Vs. Indiana
Detailed Goshen Groceries Costs Vs. Indiana
Detailed Goshen Health Costs Vs. Indiana
Detailed Goshen Transportation Costs Vs. Indiana
Detailed Goshen Utilities Costs Vs. Indiana
Goshen SnackAbility
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Cost Of Living In Cities Around Goshen
The cost of living varies in the cities and towns around Goshen. Here's a quick look at the cost of living in the most populous nearby places:
Elkhart, IN has a cost of living index of 83, 1.0x Goshen.
Mishawaka, IN has a cost of living index of 87, 1.0x Goshen.
Granger, IN has a cost of living index of 105, 1.2x Goshen.
| City | Population | Cost Of Living | Vs. Goshen |
|---|---|---|---|
| Elkhart, IN | 53,838 | 83 | 1.0x |
| Mishawaka, IN | 50,823 | 87 | 1.0x |
| Granger, IN | 30,394 | 105 | 1.2x |
| Nappanee, IN | 7,132 | 83 | 1.0x |
| Dunlap, IN | 7,097 | 88 | 1.0x |
