New Haven, IN Cost Of Living
Cost Of Living In New Haven, IN Summary
Cost of living in New Haven 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 New Haven 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 New Haven is 84, with 100 being the average.
The cost of living index in New Haven is 0.8x lower than the national average.
New Haven ranks as the #31 cheapest in Indiana out of 124.
New Haven ranks as the #629 cheapest out of 6,412 in the US.
The median home value in New Haven is $119,300.
The median income in New Haven is $56,940.
Table Of Contents
New Haven's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in New Haven, IN?
According to the most recent data on the cost of living, New Haven has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Indiana, New Haven has a cost of living index that's 0.9x lower than Indiana's index of 91.
The standard of living in New Haven ranks as #31 most affordable out of the 124 places we measured in Indiana. By definition, that implies New Haven ranks as the #93 most expensive place in the Hoosier State.
For more reading on life in New Haven, check out:
- Living In New Haven
- New Haven Crime Report
- Search Homes For Sale In New Haven, IN
In Indiana
In America
New Haven Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in New Haven. Here is how it fairs on each of the criteria:
The Services index in New Haven is 100.
The Groceries index in New Haven is 85.
The Health index in New Haven is 99.
The Housing index in New Haven is 60.
The Transportation index in New Haven is 106.
The Utilities index in New Haven is 93.
| Living Expense | New Haven | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 84 | 91 | 100 | |
| Services | 100 | 94 | 100 | |
| Groceries | 85 | 96 | 100 | |
| Health | 99 | 101 | 100 | |
| Housing | 60 | 77 | 100 | |
| Transportation | 106 | 95 | 100 | |
| Utilities | 93 | 106 | 100 | |
New Haven, 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 New Haven is $119,300.
The Median Rent in New Haven is $865.
The Median Income in New Haven is $56,940.
The Home Value To Income in New Haven is 2.1x.
The Rent To Monthly Income in New Haven is 0.18x.
| Statistic | New Haven | Indiana | United States |
|---|---|---|---|
| Median Home Value | $119,300 | $158,500 | $244,900 |
| Median Rent | $865 | $891 | $1,163 |
| Median Income | $56,940 | $61,944 | $69,021 |
| Home Value To Income | 2.1x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
New Haven, IN Costs By Category
Detailed New Haven Services Costs Vs. Indiana
Detailed New Haven Groceries Costs Vs. Indiana
Detailed New Haven Health Costs Vs. Indiana
Detailed New Haven Transportation Costs Vs. Indiana
Detailed New Haven Utilities Costs Vs. Indiana
New Haven SnackAbility
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Cost Of Living In Cities Around New Haven
The cost of living varies in the cities and towns around New Haven. 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, 1.0x New Haven.
Defiance, OH has a cost of living index of 85, 1.0x New Haven.
Auburn, IN has a cost of living index of 85, 1.0x New Haven.
| City | Population | Cost Of Living | Vs. New Haven |
|---|---|---|---|
| Fort Wayne, IN | 262,676 | 84 | 1.0x |
| Defiance, OH | 17,155 | 85 | 1.0x |
| Auburn, IN | 13,281 | 85 | 1.0x |
| Celina, OH | 10,890 | 87 | 1.0x |
| Van Wert, OH | 10,793 | 85 | 1.0x |
| Decatur, IN | 9,630 | 84 | 1.0x |
| Bryan, OH | 8,668 | 87 | 1.0x |
| St. Marys, OH | 8,311 | 88 | 1.0x |
| Delphos, OH | 7,165 | 87 | 1.0x |
| Garrett, IN | 6,592 | 84 | 1.0x |
