Greencastle, IN Cost Of Living
Cost Of Living In Greencastle, IN Summary
Cost of living in Greencastle 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 Greencastle 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 Greencastle is 87, with 100 being the average.
The cost of living index in Greencastle is 0.9x lower than the national average.
Greencastle ranks as the #55 cheapest in Indiana out of 124.
Greencastle ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Greencastle is $125,400.
The median income in Greencastle is $47,091.
Table Of Contents
Greencastle's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Greencastle, IN?
According to the most recent data on the cost of living, Greencastle has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Indiana, Greencastle has a cost of living index that's 1.0x lower than Indiana's index of 91.
The standard of living in Greencastle ranks as #55 most affordable out of the 124 places we measured in Indiana. By definition, that implies Greencastle ranks as the #69 most expensive place in the Hoosier State.
For more reading on life in Greencastle, check out:
- Living In Greencastle
- Search Homes For Sale In Greencastle, IN
In Indiana
In America
Greencastle Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Greencastle. Here is how it fairs on each of the criteria:
The Services index in Greencastle is 107.
The Groceries index in Greencastle is 100.
The Health index in Greencastle is 99.
The Housing index in Greencastle is 60.
The Transportation index in Greencastle is 99.
The Utilities index in Greencastle is 95.
| Living Expense | Greencastle | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 87 | 91 | 100 | |
| Services | 107 | 94 | 100 | |
| Groceries | 100 | 96 | 100 | |
| Health | 99 | 101 | 100 | |
| Housing | 60 | 77 | 100 | |
| Transportation | 99 | 95 | 100 | |
| Utilities | 95 | 106 | 100 | |
Greencastle, 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 Greencastle is $125,400.
The Median Rent in Greencastle is $829.
The Median Income in Greencastle is $47,091.
The Home Value To Income in Greencastle is 2.7x.
The Rent To Monthly Income in Greencastle is 0.21x.
| Statistic | Greencastle | Indiana | United States |
|---|---|---|---|
| Median Home Value | $125,400 | $158,500 | $244,900 |
| Median Rent | $829 | $891 | $1,163 |
| Median Income | $47,091 | $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
Greencastle, IN Costs By Category
Detailed Greencastle Services Costs Vs. Indiana
| Item | Greencastle | Indiana |
|---|---|---|
| Shampoo | $0.97 | $1.06 |
| Movie | $10.84 | $10.68 |
| Bowling | $16.8 | $14.67 |
| Haircut | $21.78 | $18.62 |
| Beauty Salon | $40.22 | $39.05 |
Detailed Greencastle Groceries Costs Vs. Indiana
| Item | Greencastle | Indiana |
|---|---|---|
| Ground Beef | $4.5 | $4.22 |
| Fried Chicken | $1.57 | $1.39 |
| Milk | $1.39 | $2.05 |
| Potatoes | $3.17 | $3.29 |
| Pizza | $11.32 | $10.62 |
| Beer | $9.05 | $9.38 |
| Toothpaste | $1.87 | $2.34 |
Detailed Greencastle Health Costs Vs. Indiana
| Item | Greencastle | Indiana |
|---|---|---|
| Optometrist | $132.05 | $108.57 |
| Doctor | $100.0 | $116.17 |
| Dentist | $98.07 | $99.13 |
Detailed Greencastle Transportation Costs Vs. Indiana
| Item | Greencastle | Indiana |
|---|---|---|
| Gasoline | $2.29 | $2.22 |
| Tire Balancing | $45.48 | $50.07 |
Detailed Greencastle Utilities Costs Vs. Indiana
| Item | Greencastle | Indiana |
|---|---|---|
| All Electricity | $147.72 | $167.67 |
| Phone | $184.27 | $175.64 |
Greencastle SnackAbility
/10
Cost Of Living In Cities Around Greencastle
The cost of living varies in the cities and towns around Greencastle. Here's a quick look at the cost of living in the most populous nearby places:
Carmel, IN has a cost of living index of 114, 1.3x Greencastle.
Bloomington, IN has a cost of living index of 97, 1.1x Greencastle.
Lawrence, IN has a cost of living index of 87, 1.0x Greencastle.
| City | Population | Cost Of Living | Vs. Greencastle |
|---|---|---|---|
| Carmel, IN | 98,137 | 114 | 1.3x |
| Bloomington, IN | 80,064 | 97 | 1.1x |
| Lawrence, IN | 49,048 | 87 | 1.0x |
| Westfield, IN | 45,695 | 103 | 1.2x |
| Zionsville, IN | 30,258 | 118 | 1.4x |
| Brownsburg, IN | 28,420 | 95 | 1.1x |
| Danville, IN | 10,424 | 92 | 1.1x |
| Paris, IL | 8,553 | 82 | 0.9x |
| Cumberland, IN | 5,860 | 93 | 1.1x |
| New Whiteland, IN | 5,565 | 91 | 1.0x |
