New Chicago 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.
IndexNew ChicagoIndianaNational
Cost of living index9587100
IndexNew ChicagoIndianaNational
Goods & Services index10894100
Groceries index10894100
Health care index10395100
Housing index6273100
Transportation index12692100
Utilities index9590100

Did you know?

  • The cost of living in New Chicago is 9% higher than the Indiana average.
  • The cost of living in New Chicago is 5% lower than the national average.
  • The cost of housing in New Chicago is 38% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,563$4,130$1,156$1,487
Renters$27,917$2,326$651$838

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

ItemNew ChicagoNational avg.Difference
Haircut $17.44$15.5612.1%
Beauty Salon $55.00$36.1152.3%
Toothpaste $2.68$2.478.3%
Shampoo $1.00$0.963.6%
Movie $13.20$10.1330.3%
Bowling $8.00$4.7468.9%

Groceries

ItemNew ChicagoNational avg.Difference
Ground Beef $4.57$3.9814.6%
Fried Chicken $1.67$1.4118.4%
Milk $1.94$2.065.8%
Potatoes $3.51$2.9817.6%
Pizza $9.99$9.475.5%
Beer $8.73$8.790.7%

Health Care

ItemNew ChicagoNational avg.Difference
Optometrist $95.00$101.046.0%
Doctor $99.17$107.447.7%
Dentist $101.11$90.4211.8%
Ibuprofen $9.80$9.285.6%
Lipitor $421.75$426.501.1%

Housing

ItemNew ChicagoNational avg.Difference
Home Price $90,800.00$175,700.0048.3%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $801.00$920.0012.9%

Transportation

ItemNew ChicagoNational avg.Difference
Gasoline $2.57$1.9928.9%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemNew ChicagoNational avg.Difference
All Electricity$150.85$163.817.9%
Phone $28.44$28.390.2%
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, IN79,16591-9%
East Chicago, IN29,38792-8%
Lake Station, IN12,36993-7%
Hammond, IN79,58595-5%
Whiting, IN4,93096-4%
New Chicago, IN1,95495-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Arkoma, OK1,95477-23%
Stonewall, LA1,95490-10%
Lepanto, AR1,95474-26%
Owens Cross Roads, AL1,95493-7%
Sag Harbor, NY1,954206106%
New Chicago, IN1,95495-5%
Source: The New Chicago, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.