Speedway, IN Cost Of Living
Cost Of Living In Speedway, IN Summary
Cost of living in Speedway 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 Speedway 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 Speedway is 88, with 100 being the average.
The cost of living index in Speedway is 0.9x lower than the national average.
Speedway ranks as the #62 cheapest in Indiana out of 124.
Speedway ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Speedway is $142,800.
The median income in Speedway is $49,044.
Table Of Contents
Speedway's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Speedway, IN?
According to the most recent data on the cost of living, Speedway has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Indiana, Speedway has a cost of living index that's 1.0x lower than Indiana's index of 91.
The standard of living in Speedway ranks as #62 most affordable out of the 124 places we measured in Indiana. By definition, that implies Speedway ranks as the #62 most expensive place in the Hoosier State.
For more reading on life in Speedway, check out:
- Living In Speedway
- Speedway Crime Report
- Search Homes For Sale In Speedway, IN
In Indiana
In America
Speedway Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Speedway. Here is how it fairs on each of the criteria:
The Services index in Speedway is 95.
The Groceries index in Speedway is 94.
The Health index in Speedway is 89.
The Housing index in Speedway is 65.
The Transportation index in Speedway is 91.
The Utilities index in Speedway is 104.
| Living Expense | Speedway | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 88 | 91 | 100 | |
| Services | 95 | 94 | 100 | |
| Groceries | 94 | 96 | 100 | |
| Health | 89 | 101 | 100 | |
| Housing | 65 | 77 | 100 | |
| Transportation | 91 | 95 | 100 | |
| Utilities | 104 | 106 | 100 | |
Speedway, 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 Speedway is $142,800.
The Median Rent in Speedway is $944.
The Median Income in Speedway is $49,044.
The Home Value To Income in Speedway is 2.9x.
The Rent To Monthly Income in Speedway is 0.23x.
| Statistic | Speedway | Indiana | United States |
|---|---|---|---|
| Median Home Value | $142,800 | $158,500 | $244,900 |
| Median Rent | $944 | $891 | $1,163 |
| Median Income | $49,044 | $61,944 | $69,021 |
| Home Value To Income | 2.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Speedway, IN Costs By Category
Detailed Speedway Services Costs Vs. Indiana
Detailed Speedway Groceries Costs Vs. Indiana
Detailed Speedway Health Costs Vs. Indiana
Detailed Speedway Transportation Costs Vs. Indiana
Detailed Speedway Utilities Costs Vs. Indiana
Speedway SnackAbility
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Cost Of Living In Cities Around Speedway
The cost of living varies in the cities and towns around Speedway. Here's a quick look at the cost of living in the most populous nearby places:
Indianapolis, IN has a cost of living index of 88, 1.0x Speedway.
Carmel, IN has a cost of living index of 114, 1.3x Speedway.
Greenwood, IN has a cost of living index of 92, 1.0x Speedway.
| City | Population | Cost Of Living | Vs. Speedway |
|---|---|---|---|
| Indianapolis, IN | 880,104 | 88 | 1.0x |
| Carmel, IN | 98,137 | 114 | 1.3x |
| Greenwood, IN | 62,914 | 92 | 1.0x |
| Lawrence, IN | 49,048 | 87 | 1.0x |
| Westfield, IN | 45,695 | 103 | 1.2x |
| Zionsville, IN | 30,258 | 118 | 1.3x |
| Brownsburg, IN | 28,420 | 95 | 1.1x |
| Avon, IN | 20,848 | 99 | 1.1x |
| Danville, IN | 10,424 | 92 | 1.0x |
| Cumberland, IN | 5,860 | 93 | 1.1x |
