Munster, IN Cost Of Living
Cost Of Living In Munster, IN Summary
Cost of living in Munster 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 Munster 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 Munster is 109, with 100 being the average.
The cost of living index in Munster is 1.1x higher than the national average.
Munster ranks as the #119 cheapest in Indiana out of 124.
Munster ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Munster is $242,500.
The median income in Munster is $96,938.
Table Of Contents
Munster's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Munster, IN?
According to the most recent data on the cost of living, Munster has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Indiana, Munster has a cost of living index that's 1.2x higher than Indiana's index of 91.
The standard of living in Munster ranks as #119 most affordable out of the 124 places we measured in Indiana. By definition, that implies Munster ranks as the #5 most expensive place in the Hoosier State.
For more reading on life in Munster, check out:
- Living In Munster
- Munster Crime Report
- Search Homes For Sale In Munster, IN
In Indiana
In America
Munster Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Munster. Here is how it fairs on each of the criteria:
The Services index in Munster is 115.
The Groceries index in Munster is 107.
The Health index in Munster is 97.
The Housing index in Munster is 116.
The Transportation index in Munster is 113.
The Utilities index in Munster is 93.
| Living Expense | Munster | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 109 | 91 | 100 | |
| Services | 115 | 94 | 100 | |
| Groceries | 107 | 96 | 100 | |
| Health | 97 | 101 | 100 | |
| Housing | 116 | 77 | 100 | |
| Transportation | 113 | 95 | 100 | |
| Utilities | 93 | 106 | 100 | |
Munster, 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 Munster is $242,500.
The Median Rent in Munster is $1,155.
The Median Income in Munster is $96,938.
The Home Value To Income in Munster is 2.5x.
The Rent To Monthly Income in Munster is 0.14x.
| Statistic | Munster | Indiana | United States |
|---|---|---|---|
| Median Home Value | $242,500 | $158,500 | $244,900 |
| Median Rent | $1,155 | $891 | $1,163 |
| Median Income | $96,938 | $61,944 | $69,021 |
| Home Value To Income | 2.5x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Munster, IN Costs By Category
Detailed Munster Services Costs Vs. Indiana
Detailed Munster Groceries Costs Vs. Indiana
Detailed Munster Health Costs Vs. Indiana
Detailed Munster Transportation Costs Vs. Indiana
Detailed Munster Utilities Costs Vs. Indiana
Munster SnackAbility
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Cost Of Living In Cities Around Munster
The cost of living varies in the cities and towns around Munster. 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 Munster.
Orland Park, IL has a cost of living index of 112, 1.0x Munster.
Tinley Park, IL has a cost of living index of 105, 1.0x Munster.
| City | Population | Cost Of Living | Vs. Munster |
|---|---|---|---|
| Hammond, IN | 77,491 | 95 | 0.9x |
| Orland Park, IL | 58,622 | 112 | 1.0x |
| Tinley Park, IL | 55,988 | 105 | 1.0x |
| Schererville, IN | 29,381 | 110 | 1.0x |
| Lansing, IL | 28,916 | 98 | 0.9x |
| Oak Forest, IL | 27,445 | 99 | 0.9x |
| Mokena, IL | 19,897 | 110 | 1.0x |
| Palos Hills, IL | 18,379 | 105 | 1.0x |
| Dyer, IN | 16,422 | 108 | 1.0x |
| Griffith, IN | 16,213 | 98 | 0.9x |
