Griffith, IN Cost Of Living
Cost Of Living In Griffith, IN Summary
Cost of living in Griffith 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 Griffith 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 Griffith is 98, with 100 being the average.
The cost of living index in Griffith is 1.0x lower than the national average.
Griffith ranks as the #101 cheapest in Indiana out of 124.
Griffith ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Griffith is $155,100.
The median income in Griffith is $64,265.
Table Of Contents
Griffith's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Griffith, IN?
According to the most recent data on the cost of living, Griffith has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Indiana, Griffith has a cost of living index that's 1.1x higher than Indiana's index of 91.
The standard of living in Griffith ranks as #101 most affordable out of the 124 places we measured in Indiana. By definition, that implies Griffith ranks as the #23 most expensive place in the Hoosier State.
For more reading on life in Griffith, check out:
- Living In Griffith
- Griffith Crime Report
- Search Homes For Sale In Griffith, IN
In Indiana
In America
Griffith Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Griffith. Here is how it fairs on each of the criteria:
The Services index in Griffith is 112.
The Groceries index in Griffith is 108.
The Health index in Griffith is 98.
The Housing index in Griffith is 79.
The Transportation index in Griffith is 113.
The Utilities index in Griffith is 95.
| Living Expense | Griffith | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 98 | 91 | 100 | |
| Services | 112 | 94 | 100 | |
| Groceries | 108 | 96 | 100 | |
| Health | 98 | 101 | 100 | |
| Housing | 79 | 77 | 100 | |
| Transportation | 113 | 95 | 100 | |
| Utilities | 95 | 106 | 100 | |
Griffith, 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 Griffith is $155,100.
The Median Rent in Griffith is $978.
The Median Income in Griffith is $64,265.
The Home Value To Income in Griffith is 2.4x.
The Rent To Monthly Income in Griffith is 0.18x.
| Statistic | Griffith | Indiana | United States |
|---|---|---|---|
| Median Home Value | $155,100 | $158,500 | $244,900 |
| Median Rent | $978 | $891 | $1,163 |
| Median Income | $64,265 | $61,944 | $69,021 |
| Home Value To Income | 2.4x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Griffith, IN Costs By Category
Detailed Griffith Services Costs Vs. Indiana
Detailed Griffith Groceries Costs Vs. Indiana
Detailed Griffith Health Costs Vs. Indiana
Detailed Griffith Transportation Costs Vs. Indiana
Detailed Griffith Utilities Costs Vs. Indiana
Griffith SnackAbility
/10
Cost Of Living In Cities Around Griffith
The cost of living varies in the cities and towns around Griffith. Here's a quick look at the cost of living in the most populous nearby places:
Hammond, IN has a cost of living index of 95, 1.0x Griffith.
Gary, IN has a cost of living index of 91, 0.9x Griffith.
Tinley Park, IL has a cost of living index of 105, 1.1x Griffith.
| City | Population | Cost Of Living | Vs. Griffith |
|---|---|---|---|
| Hammond, IN | 77,491 | 95 | 1.0x |
| Gary, IN | 69,739 | 91 | 0.9x |
| Tinley Park, IL | 55,988 | 105 | 1.1x |
| Merrillville, IN | 36,196 | 101 | 1.0x |
| Schererville, IN | 29,381 | 110 | 1.1x |
| Lansing, IL | 28,916 | 98 | 1.0x |
| Oak Forest, IL | 27,445 | 99 | 1.0x |
| Munster, IN | 23,717 | 109 | 1.1x |
| South Holland, IL | 21,524 | 106 | 1.1x |
| Evergreen Park, IL | 19,884 | 104 | 1.1x |
