Peru, IN Cost Of Living
Cost Of Living In Peru, IN Summary
Cost of living in Peru 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 Peru 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 Peru is 77, with 100 being the average.
The cost of living index in Peru is 0.8x lower than the national average.
Peru ranks as the #10 cheapest in Indiana out of 124.
Peru ranks as the #78 cheapest out of 6,412 in the US.
The median home value in Peru is $66,600.
The median income in Peru is $42,668.
Table Of Contents
Peru's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Peru, IN?
According to the most recent data on the cost of living, Peru has an overall cost of living index of 77, which is 0.8x lower than the national index of 100.
Compared to Indiana, Peru has a cost of living index that's 0.8x lower than Indiana's index of 91.
The standard of living in Peru ranks as #10 most affordable out of the 124 places we measured in Indiana. By definition, that implies Peru ranks as the #114 most expensive place in the Hoosier State.
For more reading on life in Peru, check out:
- Living In Peru
- Search Homes For Sale In Peru, IN
In Indiana
In America
Peru Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Peru. Here is how it fairs on each of the criteria:
The Services index in Peru is 84.
The Groceries index in Peru is 87.
The Health index in Peru is 100.
The Housing index in Peru is 43.
The Transportation index in Peru is 92.
The Utilities index in Peru is 94.
| Living Expense | Peru | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 77 | 91 | 100 | |
| Services | 84 | 94 | 100 | |
| Groceries | 87 | 96 | 100 | |
| Health | 100 | 101 | 100 | |
| Housing | 43 | 77 | 100 | |
| Transportation | 92 | 95 | 100 | |
| Utilities | 94 | 106 | 100 | |
Peru, 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 Peru is $66,600.
The Median Rent in Peru is $774.
The Median Income in Peru is $42,668.
The Home Value To Income in Peru is 1.6x.
The Rent To Monthly Income in Peru is 0.22x.
| Statistic | Peru | Indiana | United States |
|---|---|---|---|
| Median Home Value | $66,600 | $158,500 | $244,900 |
| Median Rent | $774 | $891 | $1,163 |
| Median Income | $42,668 | $61,944 | $69,021 |
| Home Value To Income | 1.6x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Peru, IN Costs By Category
Detailed Peru Services Costs Vs. Indiana
Detailed Peru Groceries Costs Vs. Indiana
Detailed Peru Health Costs Vs. Indiana
Detailed Peru Transportation Costs Vs. Indiana
Detailed Peru Utilities Costs Vs. Indiana
Peru SnackAbility
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Cost Of Living In Cities Around Peru
The cost of living varies in the cities and towns around Peru. Here's a quick look at the cost of living in the most populous nearby places:
Lafayette, IN has a cost of living index of 88, 1.1x Peru.
Noblesville, IN has a cost of living index of 98, 1.3x Peru.
West Lafayette, IN has a cost of living index of 99, 1.3x Peru.
| City | Population | Cost Of Living | Vs. Peru |
|---|---|---|---|
| Lafayette, IN | 70,928 | 88 | 1.1x |
| Noblesville, IN | 68,885 | 98 | 1.3x |
| West Lafayette, IN | 44,515 | 99 | 1.3x |
| Huntington, IN | 17,018 | 83 | 1.1x |
| Frankfort, IN | 16,134 | 85 | 1.1x |
| Warsaw, IN | 15,905 | 86 | 1.1x |
| Wabash, IN | 10,420 | 78 | 1.0x |
| Nappanee, IN | 7,132 | 83 | 1.1x |
| Monticello, IN | 5,508 | 85 | 1.1x |
| North Manchester, IN | 5,269 | 85 | 1.1x |
