Greensburg 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.
IndexGreensburgIndianaNational
Cost of living index8088100
IndexGreensburgIndianaNational
Goods & Services index8595100
Groceries index9192100
Health care index8295100
Housing index6873100
Transportation index8993100
Utilities index7893100
Displayed above is a general overview of the Greensburg, IN cost of living index. The overall cost of living index in Greensburg, IN is 80, which is 9% lower than the Indiana average and 20% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Greensburg, IN are 11% lower than the Indiana average and 16% lower than the national average.

Did you know?

  • The cost of living in Greensburg is 9% lower than the Indiana average.
  • The cost of living in Greensburg is 20% lower than the national average.
  • The cost of housing in Greensburg is 32% 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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Cost of living index
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Groceries index
Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Greensburg, IN to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Greensburg, IN, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Greensburg, IN salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,858$4,322$1,210$1,556
Renters$37,575$3,131$877$1,127
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Greensburg, 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 Greensburg, IN homeowners, is $51,858. This would allow for a maximum of $1,210 per month to be spent on housing costs. For renters, the median monthly income is $37,575 which would result in a maximum of $877 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%
One thing to keep in mind when considering the cost of living in Greensburg, IN is the Indiana sales tax and Indiana income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Indiana sales tax rate is 7% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Indiana income tax rates range from 3.3% to 3.3%.

Goods & Services

ItemGreensburgNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $22.00$34.6836.6%
Toothpaste $1.88$2.4724.0%
Shampoo $0.84$1.0217.8%
Movie $8.79$9.8710.9%
Bowling $3.50$4.3920.3%

Groceries

ItemGreensburgNational avg.Difference
Ground Beef $4.14$4.487.5%
Fried Chicken $1.19$1.4618.7%
Milk $1.93$2.3618.1%
Potatoes $3.11$3.061.6%
Pizza $7.99$9.2413.6%
Beer $7.54$8.6312.7%

Health Care

ItemGreensburgNational avg.Difference
Optometrist $58.00$99.7841.9%
Doctor $71.50$105.0331.9%
Dentist $69.75$88.7021.4%
Ibuprofen $8.36$9.4111.2%
Lipitor $323.26$298.508.3%

Housing

ItemGreensburgNational avg.Difference
Home Price $108,700.00$175,700.0038.1%
Avg. Mortgage Payment $865.75$1,081.0319.9%
Apartment Rent $750.00$920.0018.5%

Transportation

ItemGreensburgNational avg.Difference
Gasoline $1.94$2.097.3%
Tire Balancing $36.00$45.2920.5%

Utilities

ItemGreensburgNational avg.Difference
All Electricity$149.16$170.8012.7%
Phone $18.44$28.2634.7%
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.
Clarksburg, IN32669-31%
Milroy, IN74273-27%
St. Paul, IN1,18183-17%
Westport, IN1,40083-17%
Napoleon, IN17283-17%
Greensburg, IN12,16080-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Andrews, TX12,16088-12%
Lilburn, GA12,16299-1%
Palmer Town, MA12,15511515%
Salisbury, NY12,15415454%
Morgan City, LA12,15386-14%
Greensburg, IN12,16080-20%
Source: The Greensburg, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.