Bright cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBrightIndianaNational
Cost of living index9487100
IndexBrightIndianaNational
Goods & Services index10094100
Groceries index9294100
Health care index9795100
Housing index8873100
Transportation index10092100
Utilities index9390100
Here we can see a simple outline of the cost of living in Bright, IN. As you can see, with the average cost of living in Bright, IN being 94, that puts it 8% higher than the average of Indiana and 6% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Bright, IN, the price of goods and services are 6% higher than the average of Indiana as well as equal to the nation's average.

Did you know?

  • The cost of living in Bright is 8% higher than the Indiana average.
  • The cost of living in Bright is 6% lower than the national average.
  • The cost of housing in Bright is 12% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Salary Calculator

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Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current salary in Bright, IN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Bright, IN, then you would need to earn more income in order to maintain the same standard of living. To use the Bright, IN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,324$6,444$1,804$2,320
Renters$35,662$2,972$832$1,070
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bright, IN as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Bright, IN homeowners, is $77,324. This would allow for a maximum of $1,804 per month to be spent on housing costs. For renters, the median monthly income is $35,662 which would result in a maximum of $832 to be spent on rental costs.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
When assessing the complete cost of living in Bright, IN, the Indiana income tax and the Indiana sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Indiana maximum surtax is 7%, and the Indiana sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.3% to 3.3% in Indiana.

Goods & Services

ItemBrightNational avg.Difference
Haircut $13.84$15.5611.1%
Beauty Salon $31.76$36.1112.0%
Toothpaste $2.36$2.474.4%
Shampoo $0.79$0.9618.5%
Movie $10.51$10.133.8%
Bowling $4.58$4.743.4%

Groceries

ItemBrightNational avg.Difference
Ground Beef $3.61$3.989.5%
Fried Chicken $1.41$1.410.2%
Milk $1.46$2.0629.1%
Potatoes $2.68$2.9810.0%
Pizza $8.49$9.4710.4%
Beer $8.18$8.796.9%

Health Care

ItemBrightNational avg.Difference
Optometrist $90.37$101.0410.6%
Doctor $103.24$107.443.9%
Dentist $87.72$90.423.0%
Ibuprofen $8.33$9.2810.2%
Lipitor $433.67$426.501.7%

Housing

ItemBrightNational avg.Difference
Home Price $168,400.00$175,700.004.2%
Avg. Mortgage Payment $805.19$1,133.2328.9%
Apartment Rent $635.00$920.0031.0%

Transportation

ItemBrightNational avg.Difference
Gasoline $2.04$1.992.6%
Tire Balancing $43.48$45.765.0%

Utilities

ItemBrightNational avg.Difference
All Electricity$163.52$163.810.2%
Phone $23.66$28.3916.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Elizabethtown, OH30276-24%
New Baltimore, OH52379-21%
New Haven, OH81381-19%
West Harrison, IN38782-18%
Moores Hill, IN65483-17%
Bright, IN5,07994-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Stansbury Park, UT5,0791044%
Shenandoah, IA5,07981-19%
Fairfield, IL5,08077-23%
Camilla, GA5,07884-16%
Manchester, WA5,08113232%
Bright, IN5,07994-6%
Source: The Bright, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.