Jasper, IN Cost Of Living

Jasper 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	Jasper	Indiana	National
Cost of living index	88	89	100
Index	Jasper	Indiana	National
Goods & Services index	97	98	100
Groceries index	87	94	100
Health care index	95	93	100
Housing index	75	72	100
Transportation index	95	96	100
Utilities index	91	94	100

A general summary of the cost of living index in Jasper, IN is shown above. Compared to the state average of Indiana the cost of living index in Jasper, IN is 88, which is 1% lower than the average in Indiana and compared to the national average it is 12% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Jasper, IN goods and services come in at 1% lower than the average in Indiana and are 3% lower than compared to the nationwide average.

Did you know?

The cost of living in Jasper is 1% lower than the Indiana average.
The cost of living in Jasper is 12% lower than the national average.
The cost of housing in Jasper is 25% 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 Jasper, 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 Jasper, IN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Jasper, 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	$67,677	$5,640	$1,579	$2,031
Renters	$33,451	$2,788	$780	$1,004

If you want to find a good determining factor for the cost of living and the general affordability of housing in Jasper, 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 Jasper, IN, the median monthly income is $67,677 for those who own their own homes. Under the standard rule, that income level would allow for $1,579 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $33,451, per the median income in the area. That would allow for renters to spend up to $780 on monthly rental expenses.

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 Jasper, 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	Jasper	National avg.	Difference
Haircut	$17.91	$16.09	11.4%
Beauty Salon	$37.78	$37.33	1.2%
Toothpaste	$1.92	$2.45	21.7%
Shampoo	$0.86	$1.00	13.7%
Movie	$9.20	$10.28	10.5%
Bowling	$3.63	$4.93	26.3%

Groceries

Item	Jasper	National avg.	Difference
Ground Beef	$3.23	$3.80	15.1%
Fried Chicken	$1.20	$1.40	13.9%
Milk	$1.04	$2.01	48.0%
Potatoes	$2.58	$3.01	14.3%
Pizza	$10.00	$9.89	1.2%
Beer	$7.95	$8.90	10.6%

Health Care

Item	Jasper	National avg.	Difference
Optometrist	$117.82	$102.16	15.3%
Doctor	$100.94	$108.36	6.8%
Dentist	$83.05	$92.53	10.2%
Ibuprofen	$8.18	$9.28	11.8%
Lipitor	$437.26	$425.82	2.7%

Housing

Item	Jasper	National avg.	Difference
Home Price	$148,200.00	$184,700.00	19.8%
Avg. Mortgage Payment	$955.68	$1,202.44	20.5%
Apartment Rent	$583.00	$949.00	38.6%

Transportation

Item	Jasper	National avg.	Difference
Gasoline	$2.14	$2.24	4.8%
Tire Balancing	$43.18	$46.29	6.7%

Utilities

Item	Jasper	National avg.	Difference
All Electricity	$181.34	$165.96	9.3%
Phone	$20.00	$28.68	30.3%

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.
Alfordsville, IN	64	78	-22%
Holland, IN	750	78	-22%
Winslow, IN	1,134	79	-21%
Dubois, IN	314	84	-16%
Otwell, IN	430	80	-20%
Jasper, IN	15,790	88	-12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Walnut Park, CA	15,791	126	26%
Kaukauna, WI	15,791	90	-10%
North Arlington, NJ	15,788	129	29%
Talladega, AL	15,793	83	-17%
East San Gabriel, CA	15,787	166	66%
Jasper, IN	15,790	88	-12%

Source: The Jasper, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Jasper, IN Cost of Living