Heritage Lake 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.
IndexHeritage LakeIndianaNational
Cost of living index8987100
IndexHeritage LakeIndianaNational
Goods & Services index8594100
Groceries index8794100
Health care index9795100
Housing index9073100
Transportation index9292100
Utilities index9490100

Did you know?

  • The cost of living in Heritage Lake is 2% higher than the Indiana average.
  • The cost of living in Heritage Lake is 11% lower than the national average.
  • The cost of housing in Heritage Lake is 10% 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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Compare Heritage Lake, IN Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,402$5,617$1,573$2,022
Renters$16,951$1,413$395$509

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%

Goods & Services

ItemHeritage LakeNational avg.Difference
Haircut $12.03$15.5622.7%
Beauty Salon $24.06$36.1133.4%
Toothpaste $1.74$2.4729.5%
Shampoo $0.77$0.9619.9%
Movie $8.50$10.1316.1%
Bowling $3.53$4.7425.4%

Groceries

ItemHeritage LakeNational avg.Difference
Ground Beef $3.82$3.984.2%
Fried Chicken $0.99$1.4129.8%
Milk $1.38$2.0633.3%
Potatoes $2.74$2.988.2%
Pizza $8.04$9.4715.1%
Beer $8.83$8.790.4%

Health Care

ItemHeritage LakeNational avg.Difference
Optometrist $97.33$101.043.7%
Doctor $93.51$107.4413.0%
Dentist $93.50$90.423.4%
Ibuprofen $8.19$9.2811.7%
Lipitor $439.68$426.503.1%

Housing

ItemHeritage LakeNational avg.Difference
Home Price $145,400.00$175,700.0017.2%
Avg. Mortgage Payment $837.55$1,133.2326.1%
Apartment Rent $978.00$920.006.3%

Transportation

ItemHeritage LakeNational avg.Difference
Gasoline $1.95$1.992.0%
Tire Balancing $35.84$45.7621.7%

Utilities

ItemHeritage LakeNational avg.Difference
All Electricity$155.18$163.815.3%
Phone $26.67$28.396.1%
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.
Van Bibber Lake, IN30767-33%
Russellville, IN38080-20%
Cloverdale, IN2,05185-15%
Roachdale, IN86779-21%
Fillmore, IN56579-21%
Heritage Lake, IN2,95889-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Chaffee, MO2,95885-15%
Marin City, CA2,95815656%
Pajaro, CA2,95713434%
Sutter, CA2,9591077%
North Falmouth, MA2,95715050%
Heritage Lake, IN2,95889-11%
Source: The Heritage Lake, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.