Lakes of the Four Seasons 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.
IndexLakes of the Four SeasonsIndianaNational
Cost of living index11288100
IndexLakes of the Four SeasonsIndianaNational
Goods & Services index10695100
Groceries index10892100
Health care index10095100
Housing index12473100
Transportation index11293100
Utilities index10493100
The above illustration supplies generalized information for the Lakes of the Four Seasons, IN cost of living index. Compared to other cities in Indiana and cities across the country, the cost of living index in Lakes of the Four Seasons, IN is 112, which is 28% higher than the Indiana average and 12% higher 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 Lakes of the Four Seasons, IN are 12% higher than the average for Indiana and 6% higher than the rest of the country.

Did you know?

  • The cost of living in Lakes of the Four Seasons is 28% higher than the Indiana average.
  • The cost of living in Lakes of the Four Seasons is 12% higher than the national average.
  • The cost of housing in Lakes of the Four Seasons is 24% higher 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 Lakes of the Four Seasons, IN Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Lakes of the Four Seasons, 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 Lakes of the Four Seasons, IN, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lakes of the Four Seasons, 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$91,181$7,598$2,127$2,736
Renters$67,784$5,649$1,582$2,034
If you want to find a good determining factor for the cost of living and the general affordability of housing in Lakes of the Four Seasons, 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 Lakes of the Four Seasons, IN, the median monthly income is $91,181 for those who own their own homes. Under the standard rule, that income level would allow for $2,127 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $67,784, per the median income in the area. That would allow for renters to spend up to $1,582 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 considering the overall cost of living expenses in Lakes of the Four Seasons, IN, it's important to take into account the sales tax for Indiana, as well as the rate for income tax in Indiana. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Indiana is 7%, and the sales tax in the state of Indiana is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Indiana starts from 3.3% and goes up to 3.3%.

Goods & Services

ItemLakes of the Four SeasonsNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.34$2.475.4%
Shampoo $0.99$1.023.1%
Movie $13.75$9.8739.3%
Bowling $5.00$4.3913.9%

Groceries

ItemLakes of the Four SeasonsNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.42$1.463.0%
Milk $1.74$2.3626.2%
Potatoes $2.50$3.0618.3%
Pizza $10.99$9.2418.9%
Beer $14.25$8.6365.1%

Health Care

ItemLakes of the Four SeasonsNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $9.24$9.411.8%
Lipitor $262.00$298.5012.2%

Housing

ItemLakes of the Four SeasonsNational avg.Difference
Home Price $179,200.00$175,700.002.0%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,625.00$920.0076.6%

Transportation

ItemLakes of the Four SeasonsNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%

Utilities

ItemLakes of the Four SeasonsNational avg.Difference
All Electricity$173.99$170.801.9%
Phone $30.05$28.266.3%
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, StatePopulationCost of Living IndexNational Avg.
Gary, IN79,16589-11%
Shelby, IN52685-15%
Lake Station, IN12,36991-9%
New Chicago, IN1,95493-7%
Hammond, IN79,58593-7%
Lakes of the Four Seasons, IN6,85411212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Hattiesburg, MS6,85387-13%
Kenwood, OH6,85211010%
University Park, IL6,85293-7%
Nyack, NY6,85715151%
Martins Ferry, OH6,85085-15%
Lakes of the Four Seasons, IN6,85411212%
Source: The Lakes of the Four Seasons, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.