Marion, IN Cost Of Living
Cost Of Living In Marion, IN Summary
Cost of living in Marion 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 Marion 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 Marion is 77, with 100 being the average.
The cost of living index in Marion is 0.8x lower than the national average.
Marion ranks as the #10 cheapest in Indiana out of 124.
Marion ranks as the #78 cheapest out of 6,412 in the US.
The median home value in Marion is $70,100.
The median income in Marion is $37,835.
Table Of Contents
Marion's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Marion, IN?
According to the most recent data on the cost of living, Marion has an overall cost of living index of 77, which is 0.8x lower than the national index of 100.
Compared to Indiana, Marion has a cost of living index that's 0.8x lower than Indiana's index of 91.
The standard of living in Marion ranks as #10 most affordable out of the 124 places we measured in Indiana. By definition, that implies Marion ranks as the #114 most expensive place in the Hoosier State.
For more reading on life in Marion, check out:
- Living In Marion
- Marion Crime Report
- Search Homes For Sale In Marion, IN
In Indiana
In America
Marion Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Marion. Here is how it fairs on each of the criteria:
The Services index in Marion is 87.
The Groceries index in Marion is 89.
The Health index in Marion is 101.
The Housing index in Marion is 46.
The Transportation index in Marion is 93.
The Utilities index in Marion is 97.
| Living Expense | Marion | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 77 | 91 | 100 | |
| Services | 87 | 94 | 100 | |
| Groceries | 89 | 96 | 100 | |
| Health | 101 | 101 | 100 | |
| Housing | 46 | 77 | 100 | |
| Transportation | 93 | 95 | 100 | |
| Utilities | 97 | 106 | 100 | |
Marion, 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 Marion is $70,100.
The Median Rent in Marion is $716.
The Median Income in Marion is $37,835.
The Home Value To Income in Marion is 1.9x.
The Rent To Monthly Income in Marion is 0.23x.
| Statistic | Marion | Indiana | United States |
|---|---|---|---|
| Median Home Value | $70,100 | $158,500 | $244,900 |
| Median Rent | $716 | $891 | $1,163 |
| Median Income | $37,835 | $61,944 | $69,021 |
| Home Value To Income | 1.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Marion, IN Costs By Category
Detailed Marion Services Costs Vs. Indiana
Detailed Marion Groceries Costs Vs. Indiana
Detailed Marion Health Costs Vs. Indiana
Detailed Marion Transportation Costs Vs. Indiana
Detailed Marion Utilities Costs Vs. Indiana
Marion SnackAbility
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Cost Of Living In Cities Around Marion
The cost of living varies in the cities and towns around Marion. Here's a quick look at the cost of living in the most populous nearby places:
Fort Wayne, IN has a cost of living index of 84, 1.1x Marion.
Carmel, IN has a cost of living index of 114, 1.5x Marion.
Noblesville, IN has a cost of living index of 98, 1.3x Marion.
| City | Population | Cost Of Living | Vs. Marion |
|---|---|---|---|
| Fort Wayne, IN | 262,676 | 84 | 1.1x |
| Carmel, IN | 98,137 | 114 | 1.5x |
| Noblesville, IN | 68,885 | 98 | 1.3x |
| Westfield, IN | 45,695 | 103 | 1.3x |
| Frankfort, IN | 16,134 | 85 | 1.1x |
| Warsaw, IN | 15,905 | 86 | 1.1x |
| Decatur, IN | 9,630 | 84 | 1.1x |
| Middletown, KY | 9,473 | 103 | 1.3x |
