Cost Of Living In Greendale, IN

Greendale 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.
Index	Greendale	Indiana	National
Cost of living index	92	87	100
Index	Greendale	Indiana	National
Goods & Services index	100	94	100
Groceries index	92	94	100
Health care index	97	95	100
Housing index	79	73	100
Transportation index	100	92	100
Utilities index	93	90	100

The above illustration supplies generalized information for the Greendale, IN cost of living index. Compared to other cities in Indiana and cities across the country, the cost of living index in Greendale, IN is 92, which is 5% higher than the Indiana average and 8% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Greendale, IN are 6% higher than the average for Indiana and equal to the rest of the country.

Did you know?

The cost of living in Greendale is 5% higher than the Indiana average.
The cost of living in Greendale is 8% lower than the national average.
The cost of housing in Greendale is 21% 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

The salary calculator is meant to help you compare your salary in Greendale, 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 Greendale, IN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Greendale, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$70,938	$5,912	$1,655	$2,128
Renters	$31,801	$2,650	$742	$954

The affordability of the housing market in Greendale, 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 Greendale, IN homeowners, the median income is $70,938. This indicates that a monthly maximum of $1,655 should be spent by homeowners on all housing related costs. Renters have a median income of $31,801. This indicates that renters should have a maximum of $742 used for their rent related monthly costs.

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.3%	3.3%

When you are determining the total cost of living in Greendale, 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

Item	Greendale	National avg.	Difference
Haircut	$13.84	$15.56	11.1%
Beauty Salon	$31.76	$36.11	12.0%
Toothpaste	$2.36	$2.47	4.4%
Shampoo	$0.79	$0.96	18.5%
Movie	$10.51	$10.13	3.8%
Bowling	$4.58	$4.74	3.4%

Groceries

Item	Greendale	National avg.	Difference
Ground Beef	$3.61	$3.98	9.5%
Fried Chicken	$1.41	$1.41	0.2%
Milk	$1.46	$2.06	29.1%
Potatoes	$2.68	$2.98	10.0%
Pizza	$8.49	$9.47	10.4%
Beer	$8.18	$8.79	6.9%

Health Care

Item	Greendale	National avg.	Difference
Optometrist	$90.37	$101.04	10.6%
Doctor	$103.24	$107.44	3.9%
Dentist	$87.72	$90.42	3.0%
Ibuprofen	$8.33	$9.28	10.2%
Lipitor	$433.67	$426.50	1.7%

Housing

Item	Greendale	National avg.	Difference
Home Price	$139,100.00	$175,700.00	20.8%
Avg. Mortgage Payment	$805.19	$1,133.23	28.9%
Apartment Rent	$730.00	$920.00	20.7%

Transportation

Item	Greendale	National avg.	Difference
Gasoline	$2.04	$1.99	2.6%
Tire Balancing	$43.48	$45.76	5.0%

Utilities

Item	Greendale	National avg.	Difference
All Electricity	$163.52	$163.81	0.2%
Phone	$23.66	$28.39	16.7%

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, State	Population	Cost of Living Index	National Avg.
Elizabethtown, OH	302	76	-24%
New Baltimore, OH	523	79	-21%
New Haven, OH	813	81	-19%
West Harrison, IN	387	82	-18%
Moores Hill, IN	654	83	-17%
Greendale, IN	4,545	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Hunters Creek Village, TX	4,545	253	153%
Hawthorne, NY	4,545	161	61%
Clarkson, NY	4,546	96	-4%
Hummelstown, PA	4,544	100	-0%
Perezville, TX	4,543	70	-30%
Greendale, IN	4,545	92	-8%

Source: The Greendale, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Greendale, IN Cost of Living