Gas City 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.
IndexGas CityIndianaNational
Cost of living index8388100
IndexGas CityIndianaNational
Goods & Services index9795100
Groceries index9592100
Health care index9895100
Housing index5473100
Transportation index9193100
Utilities index9493100
A general overview of the cost of living index for Gas City, IN is displayed above. In Gas City, IN, the overall cost of living index is 83, which is 6% lower than the Indiana average and 17% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Gas City, IN, the city's goods and services are 2% higher than the Indiana average and 3% lower than the U.S. average.

Did you know?

  • The cost of living in Gas City is 6% lower than the Indiana average.
  • The cost of living in Gas City is 17% lower than the national average.
  • The cost of housing in Gas City is 46% 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
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Gas City, IN to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Gas City, IN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Gas City, IN salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,694$3,891$1,089$1,401
Renters$26,950$2,246$629$809
If you want to find a good determining factor for the cost of living and the general affordability of housing in Gas City, IN, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Gas City, IN, the median monthly income is $46,694 for those who own their own homes. Under the standard rule, that income level would allow for $1,089 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,950, per the median income in the area. That would allow for renters to spend up to $629 on monthly rental expenses.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
When you are determining the total cost of living in Gas City, IN you will want to make sure you consider both the Indiana sales tax and the Indiana income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Indiana is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Indiana have a range from 3.3% to 3.3%.

Goods & Services

ItemGas CityNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $26.00$34.6825.0%
Toothpaste $1.91$2.4722.8%
Shampoo $0.91$1.0211.0%
Movie $8.50$9.8713.9%
Bowling $3.50$4.3920.3%

Groceries

ItemGas CityNational avg.Difference
Ground Beef $4.64$4.483.6%
Fried Chicken $1.14$1.4622.1%
Milk $2.20$2.366.6%
Potatoes $2.76$3.069.8%
Pizza $13.99$9.2451.4%
Beer $7.86$8.639.0%

Health Care

ItemGas CityNational avg.Difference
Optometrist $105.00$99.785.2%
Doctor $93.55$105.0310.9%
Dentist $88.00$88.700.8%
Ibuprofen $8.38$9.4111.0%
Lipitor $317.03$298.506.2%

Housing

ItemGas CityNational avg.Difference
Home Price $80,000.00$175,700.0054.5%
Avg. Mortgage Payment $823.57$1,081.0323.8%
Apartment Rent $664.00$920.0027.8%

Transportation

ItemGas CityNational avg.Difference
Gasoline $1.98$2.095.4%
Tire Balancing $36.64$45.2919.1%

Utilities

ItemGas CityNational avg.Difference
All Electricity$160.91$170.805.8%
Phone $26.65$28.265.7%
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.
Landess, IN33076-24%
Matthews, IN59779-21%
Sims, IN34279-21%
Hartford City, IN6,16678-22%
Herbst, IN8380-20%
Gas City, IN6,09383-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cold Spring, KY6,09395-5%
Fair Haven, NJ6,09319292%
Canutillo, TX6,09181-19%
Naples Manor, FL6,09693-7%
Edgemoor, DE6,0891088%
Gas City, IN6,09383-17%
Source: The Gas City, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.