Chesterton 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.
IndexChestertonIndianaNational
Cost of living index10587100
IndexChestertonIndianaNational
Goods & Services index10894100
Groceries index10894100
Health care index10395100
Housing index9673100
Transportation index12692100
Utilities index9590100
A general summary of the cost of living index in Chesterton, IN is shown above. Compared to the state average of Indiana the cost of living index in Chesterton, IN is 105, which is 20% higher than the average in Indiana and compared to the national average it is 5% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Chesterton, IN goods and services come in at 15% higher than the average in Indiana and are 8% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Chesterton is 20% higher than the Indiana average.
  • The cost of living in Chesterton is 5% higher than the national average.
  • The cost of housing in Chesterton is 4% 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

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Chesterton, IN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Chesterton, IN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Chesterton, IN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,543$6,795$1,903$2,447
Renters$38,081$3,173$888$1,143
The affordability of the housing market in Chesterton, IN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Chesterton, IN homeowners, the median income is $81,543. This indicates that a monthly maximum of $1,903 should be spent by homeowners on all housing related costs. Renters have a median income of $38,081. This indicates that renters should have a maximum of $888 used for their rent related monthly 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 Chesterton, 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

ItemChestertonNational avg.Difference
Haircut $17.44$15.5612.1%
Beauty Salon $55.00$36.1152.3%
Toothpaste $2.68$2.478.3%
Shampoo $1.00$0.963.6%
Movie $13.20$10.1330.3%
Bowling $8.00$4.7468.9%

Groceries

ItemChestertonNational avg.Difference
Ground Beef $4.57$3.9814.6%
Fried Chicken $1.67$1.4118.4%
Milk $1.94$2.065.8%
Potatoes $3.51$2.9817.6%
Pizza $9.99$9.475.5%
Beer $8.73$8.790.7%

Health Care

ItemChestertonNational avg.Difference
Optometrist $95.00$101.046.0%
Doctor $99.17$107.447.7%
Dentist $101.11$90.4211.8%
Ibuprofen $9.80$9.285.6%
Lipitor $421.75$426.501.1%

Housing

ItemChestertonNational avg.Difference
Home Price $168,300.00$175,700.004.2%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $878.00$920.004.6%

Transportation

ItemChestertonNational avg.Difference
Gasoline $2.57$1.9928.9%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemChestertonNational avg.Difference
All Electricity$150.85$163.817.9%
Phone $28.44$28.390.2%
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.
Gary, IN79,16591-9%
Lake Station, IN12,36993-7%
Westville, IN6,89583-17%
Michigan City, IN31,36983-17%
Town of Pines, IN73283-17%
Chesterton, IN13,8941055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Moberly, MO13,89886-14%
Bradley Gardens, NJ13,90214242%
Pierre, SD13,88593-7%
Sun Lakes, AZ13,8851099%
Chaparral, NM13,90582-18%
Chesterton, IN13,8941055%
Source: The Chesterton, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.