Clarksville 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.
IndexClarksvilleIndianaNational
Cost of living index9088100
IndexClarksvilleIndianaNational
Goods & Services index10295100
Groceries index9692100
Health care index9095100
Housing index6973100
Transportation index10593100
Utilities index8893100
Here we can see a simple outline of the cost of living in Clarksville, IN. As you can see, with the average cost of living in Clarksville, IN being 90, that puts it 2% higher than the average of Indiana and 10% 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 Clarksville, IN, the price of goods and services are 8% higher than the average of Indiana as well as 2% higher than the nation's average.

Did you know?

  • The cost of living in Clarksville is 2% higher than the Indiana average.
  • The cost of living in Clarksville is 10% lower than the national average.
  • The cost of housing in Clarksville is 31% 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.

Find Real Estate Listings In Clarksville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Clarksville

Compare Clarksville, IN Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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 Clarksville, 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 Clarksville, IN, then you would need to earn more income in order to maintain the same standard of living. To use the Clarksville, 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$52,777$4,398$1,231$1,583
Renters$26,935$2,245$628$808
One can approximate the cost of living and the housing affordability in Clarksville, IN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Clarksville, IN have a median income of $52,777. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,231 per month to avoid calamity and poverty. The renters in the city have an income of about $26,935, which would make their monthly maximum allowable rental costs $628.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
The Indiana sales tax and Indiana income tax rates should definitely be considered when determining the overall cost of living in Clarksville, IN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Indiana sales tax is 7% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Indiana income tax rates range from 3.3% to 3.3%.

Goods & Services

ItemClarksvilleNational avg.Difference
Haircut $12.80$14.5912.3%
Beauty Salon $35.33$34.681.9%
Toothpaste $2.31$2.476.6%
Shampoo $0.93$1.029.0%
Movie $9.25$9.876.3%
Bowling $4.25$4.393.2%

Groceries

ItemClarksvilleNational avg.Difference
Ground Beef $3.97$4.4811.3%
Fried Chicken $1.28$1.4612.6%
Milk $2.01$2.3614.7%
Potatoes $3.01$3.061.7%
Pizza $10.00$9.248.2%
Beer $8.85$8.632.5%

Health Care

ItemClarksvilleNational avg.Difference
Optometrist $82.50$99.7817.3%
Doctor $88.50$105.0315.7%
Dentist $88.40$88.700.3%
Ibuprofen $8.91$9.415.3%
Lipitor $246.60$298.5017.4%

Housing

ItemClarksvilleNational avg.Difference
Home Price $112,300.00$175,700.0036.1%
Avg. Mortgage Payment $835.10$1,081.0322.7%
Apartment Rent $739.00$920.0019.7%

Transportation

ItemClarksvilleNational avg.Difference
Gasoline $2.21$2.095.9%
Tire Balancing $46.40$45.292.5%

Utilities

ItemClarksvilleNational avg.Difference
All Electricity$126.60$170.8025.9%
Phone $30.22$28.266.9%
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.
Elizabeth, IN19283-17%
New Pekin, IN1,38284-16%
West Buechel, KY1,24585-15%
Shively, KY15,45087-13%
Watterson Park, KY1,50088-12%
Clarksville, IN21,57990-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ramona, CA21,57813333%
Sunny Isles Beach, FL21,58312121%
Bay Point, CA21,58611313%
Kinston, NC21,58988-12%
Oxford, OH21,55290-10%
Clarksville, IN21,57990-10%
Source: The Clarksville, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.