New Haven 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 HavenIndianaNational
Cost of living index8387100
IndexNew HavenIndianaNational
Goods & Services index9794100
Groceries index9094100
Health care index9095100
Housing index6073100
Transportation index9292100
Utilities index9090100
A general overview of the cost of living index for New Haven, IN is displayed above. In New Haven, IN, the overall cost of living index is 83, which is 5% lower than the Indiana average and 17% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of New Haven, IN, the city's goods and services are 3% higher than the Indiana average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in New Haven is 5% lower than the Indiana average.
  • The cost of living in New Haven is 17% lower than the national average.
  • The cost of housing in New Haven is 40% 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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Groceries index
Health care index
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Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in New Haven, IN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than New Haven, IN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The New Haven, IN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,981$4,332$1,213$1,560
Renters$34,002$2,834$793$1,020
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in New Haven, IN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. New Haven, IN has a median income of about $51,981 for people who own homes. Based on that number, a person should spend a maximum of $1,213 on expenses related to housing. Renters have a slightly different median income, which is $34,002. Based on this average, renters should spend no more than $793 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
The Indiana sales tax and Indiana income tax rates should definitely be considered when determining the overall cost of living in New Haven, IN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Indiana sales tax is 7% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Indiana income tax rates range from 3.3% to 3.3%.

Goods & Services

ItemNew HavenNational avg.Difference
Haircut $16.11$15.563.5%
Beauty Salon $25.00$36.1130.8%
Toothpaste $2.44$2.471.3%
Shampoo $0.78$0.9618.8%
Movie $10.25$10.131.2%
Bowling $3.49$4.7426.4%

Groceries

ItemNew HavenNational avg.Difference
Ground Beef $3.58$3.9810.1%
Fried Chicken $1.05$1.4125.4%
Milk $1.74$2.0615.8%
Potatoes $2.93$2.981.9%
Pizza $9.67$9.472.0%
Beer $8.38$8.794.7%

Health Care

ItemNew HavenNational avg.Difference
Optometrist $99.44$101.041.6%
Doctor $87.28$107.4418.8%
Dentist $85.65$90.425.3%
Ibuprofen $8.03$9.2813.4%
Lipitor $387.76$426.509.1%

Housing

ItemNew HavenNational avg.Difference
Home Price $90,300.00$175,700.0048.6%
Avg. Mortgage Payment $835.59$1,133.2326.3%
Apartment Rent $730.00$920.0020.7%

Transportation

ItemNew HavenNational avg.Difference
Gasoline $1.89$1.995.0%
Tire Balancing $38.96$45.7614.9%

Utilities

ItemNew HavenNational avg.Difference
All Electricity$134.29$163.8118.0%
Phone $28.76$28.391.3%
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.
Monroeville, IN1,29480-20%
Woodburn, IN1,60982-18%
Fort Wayne, IN255,78484-16%
Grabill, IN1,44084-16%
Zanesville, IN64684-16%
New Haven, IN15,61283-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Grandville, MI15,61388-12%
Siloam Springs, AR15,61485-15%
Hillcrest Heights, MD15,60411111%
West Columbia, SC15,62397-3%
Sevierville, TN15,59287-13%
New Haven, IN15,61283-17%
Source: The New Haven, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.