Highland, IN Cost Of Living
Cost Of Living In Highland, IN Summary
Cost of living in Highland 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 Highland 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 Highland is 104, with 100 being the average.
The cost of living index in Highland is 1.0x higher than the national average.
Highland ranks as the #115 cheapest in Indiana out of 124.
Highland ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Highland is $183,800.
The median income in Highland is $82,747.
Table Of Contents
Highland's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Highland, IN?
According to the most recent data on the cost of living, Highland has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Indiana, Highland has a cost of living index that's 1.1x higher than Indiana's index of 91.
The standard of living in Highland ranks as #115 most affordable out of the 124 places we measured in Indiana. By definition, that implies Highland ranks as the #9 most expensive place in the Hoosier State.
For more reading on life in Highland, check out:
- Living In Highland
- Highland Crime Report
- Search Homes For Sale In Highland, IN
In Indiana
In America
Highland Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Highland. Here is how it fairs on each of the criteria:
The Services index in Highland is 112.
The Groceries index in Highland is 108.
The Health index in Highland is 97.
The Housing index in Highland is 89.
The Transportation index in Highland is 114.
The Utilities index in Highland is 94.
| Living Expense | Highland | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 104 | 91 | 100 | |
| Services | 112 | 94 | 100 | |
| Groceries | 108 | 96 | 100 | |
| Health | 97 | 101 | 100 | |
| Housing | 89 | 77 | 100 | |
| Transportation | 114 | 95 | 100 | |
| Utilities | 94 | 106 | 100 | |
Highland, 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 Highland is $183,800.
The Median Rent in Highland is $1,286.
The Median Income in Highland is $82,747.
The Home Value To Income in Highland is 2.2x.
The Rent To Monthly Income in Highland is 0.19x.
| Statistic | Highland | Indiana | United States |
|---|---|---|---|
| Median Home Value | $183,800 | $158,500 | $244,900 |
| Median Rent | $1,286 | $891 | $1,163 |
| Median Income | $82,747 | $61,944 | $69,021 |
| Home Value To Income | 2.2x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Highland, IN Costs By Category
Detailed Highland Services Costs Vs. Indiana
Detailed Highland Groceries Costs Vs. Indiana
Detailed Highland Health Costs Vs. Indiana
Detailed Highland Transportation Costs Vs. Indiana
Detailed Highland Utilities Costs Vs. Indiana
Highland SnackAbility
/10
Cost Of Living In Cities Around Highland
The cost of living varies in the cities and towns around Highland. 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, 0.9x Highland.
Gary, IN has a cost of living index of 91, 0.9x Highland.
Tinley Park, IL has a cost of living index of 105, 1.0x Highland.
| City | Population | Cost Of Living | Vs. Highland |
|---|---|---|---|
| Hammond, IN | 77,491 | 95 | 0.9x |
| Gary, IN | 69,739 | 91 | 0.9x |
| Tinley Park, IL | 55,988 | 105 | 1.0x |
| Schererville, IN | 29,381 | 110 | 1.1x |
| Lansing, IL | 28,916 | 98 | 0.9x |
| Oak Forest, IL | 27,445 | 99 | 1.0x |
| Munster, IN | 23,717 | 109 | 1.0x |
| Evergreen Park, IL | 19,884 | 104 | 1.0x |
| Homewood, IL | 19,716 | 98 | 0.9x |
| Matteson, IL | 19,047 | 99 | 1.0x |
