Wabash, IN Cost Of Living
Cost Of Living In Wabash, IN Summary
Cost of living in Wabash 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 Wabash 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 Wabash is 78, with 100 being the average.
The cost of living index in Wabash is 0.8x lower than the national average.
Wabash ranks as the #14 cheapest in Indiana out of 124.
Wabash ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Wabash is $89,700.
The median income in Wabash is $47,132.
Table Of Contents
Wabash's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Wabash, IN?
According to the most recent data on the cost of living, Wabash has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Indiana, Wabash has a cost of living index that's 0.9x lower than Indiana's index of 91.
The standard of living in Wabash ranks as #14 most affordable out of the 124 places we measured in Indiana. By definition, that implies Wabash ranks as the #110 most expensive place in the Hoosier State.
For more reading on life in Wabash, check out:
- Living In Wabash
- Search Homes For Sale In Wabash, IN
In Indiana
In America
Wabash Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Wabash. Here is how it fairs on each of the criteria:
The Services index in Wabash is 87.
The Groceries index in Wabash is 87.
The Health index in Wabash is 102.
The Housing index in Wabash is 47.
The Transportation index in Wabash is 94.
The Utilities index in Wabash is 94.
| Living Expense | Wabash | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 78 | 91 | 100 | |
| Services | 87 | 94 | 100 | |
| Groceries | 87 | 96 | 100 | |
| Health | 102 | 101 | 100 | |
| Housing | 47 | 77 | 100 | |
| Transportation | 94 | 95 | 100 | |
| Utilities | 94 | 106 | 100 | |
Wabash, 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 Wabash is $89,700.
The Median Rent in Wabash is $606.
The Median Income in Wabash is $47,132.
The Home Value To Income in Wabash is 1.9x.
The Rent To Monthly Income in Wabash is 0.15x.
| Statistic | Wabash | Indiana | United States |
|---|---|---|---|
| Median Home Value | $89,700 | $158,500 | $244,900 |
| Median Rent | $606 | $891 | $1,163 |
| Median Income | $47,132 | $61,944 | $69,021 |
| Home Value To Income | 1.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Wabash, IN Costs By Category
Detailed Wabash Services Costs Vs. Indiana
Detailed Wabash Groceries Costs Vs. Indiana
Detailed Wabash Health Costs Vs. Indiana
Detailed Wabash Transportation Costs Vs. Indiana
Detailed Wabash Utilities Costs Vs. Indiana
Wabash SnackAbility
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Cost Of Living In Cities Around Wabash
The cost of living varies in the cities and towns around Wabash. 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 Wabash.
Kokomo, IN has a cost of living index of 77, 1.0x Wabash.
Huntington, IN has a cost of living index of 83, 1.1x Wabash.
| City | Population | Cost Of Living | Vs. Wabash |
|---|---|---|---|
| Fort Wayne, IN | 262,676 | 84 | 1.1x |
| Kokomo, IN | 59,263 | 77 | 1.0x |
| Huntington, IN | 17,018 | 83 | 1.1x |
| New Haven, IN | 15,922 | 84 | 1.1x |
| Warsaw, IN | 15,905 | 86 | 1.1x |
| Peru, IN | 11,123 | 77 | 1.0x |
| Decatur, IN | 9,630 | 84 | 1.1x |
| Nappanee, IN | 7,132 | 83 | 1.1x |
| Monticello, IN | 5,508 | 85 | 1.1x |
| North Manchester, IN | 5,269 | 85 | 1.1x |
