Hobart, IN Cost Of Living
Cost Of Living In Hobart, IN Summary
Cost of living in Hobart 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 Hobart 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 Hobart is 99, with 100 being the average.
The cost of living index in Hobart is 1.0x lower than the national average.
Hobart ranks as the #104 cheapest in Indiana out of 124.
Hobart ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Hobart is $164,400.
The median income in Hobart is $63,168.
Table Of Contents
Hobart's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hobart, IN?
According to the most recent data on the cost of living, Hobart has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Indiana, Hobart has a cost of living index that's 1.1x higher than Indiana's index of 91.
The standard of living in Hobart ranks as #104 most affordable out of the 124 places we measured in Indiana. By definition, that implies Hobart ranks as the #20 most expensive place in the Hoosier State.
For more reading on life in Hobart, check out:
- Living In Hobart
- Hobart Crime Report
- Search Homes For Sale In Hobart, IN
In Indiana
In America
Hobart Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Hobart. Here is how it fairs on each of the criteria:
The Services index in Hobart is 112.
The Groceries index in Hobart is 106.
The Health index in Hobart is 100.
The Housing index in Hobart is 78.
The Transportation index in Hobart is 115.
The Utilities index in Hobart is 94.
| Living Expense | Hobart | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 99 | 91 | 100 | |
| Services | 112 | 94 | 100 | |
| Groceries | 106 | 96 | 100 | |
| Health | 100 | 101 | 100 | |
| Housing | 78 | 77 | 100 | |
| Transportation | 115 | 95 | 100 | |
| Utilities | 94 | 106 | 100 | |
Hobart, 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 Hobart is $164,400.
The Median Rent in Hobart is $1,049.
The Median Income in Hobart is $63,168.
The Home Value To Income in Hobart is 2.6x.
The Rent To Monthly Income in Hobart is 0.2x.
| Statistic | Hobart | Indiana | United States |
|---|---|---|---|
| Median Home Value | $164,400 | $158,500 | $244,900 |
| Median Rent | $1,049 | $891 | $1,163 |
| Median Income | $63,168 | $61,944 | $69,021 |
| Home Value To Income | 2.6x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Hobart, IN Costs By Category
Detailed Hobart Services Costs Vs. Indiana
Detailed Hobart Groceries Costs Vs. Indiana
Detailed Hobart Health Costs Vs. Indiana
Detailed Hobart Transportation Costs Vs. Indiana
Detailed Hobart Utilities Costs Vs. Indiana
Hobart SnackAbility
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Cost Of Living In Cities Around Hobart
The cost of living varies in the cities and towns around Hobart. Here's a quick look at the cost of living in the most populous nearby places:
Gary, IN has a cost of living index of 91, 0.9x Hobart.
Portage, IN has a cost of living index of 101, 1.0x Hobart.
Merrillville, IN has a cost of living index of 101, 1.0x Hobart.
| City | Population | Cost Of Living | Vs. Hobart |
|---|---|---|---|
| Gary, IN | 69,739 | 91 | 0.9x |
| Portage, IN | 37,540 | 101 | 1.0x |
| Merrillville, IN | 36,196 | 101 | 1.0x |
| Lansing, IL | 28,916 | 98 | 1.0x |
| Munster, IN | 23,717 | 109 | 1.1x |
| Dolton, IL | 21,588 | 99 | 1.0x |
| South Holland, IL | 21,524 | 106 | 1.1x |
| Dyer, IN | 16,422 | 108 | 1.1x |
| Lake Station, IN | 13,292 | 93 | 0.9x |
| Steger, IL | 9,568 | 90 | 0.9x |
