Plymouth 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.
IndexPlymouthIndianaNational
Cost of living index8188100
IndexPlymouthIndianaNational
Goods & Services index8895100
Groceries index9092100
Health care index9295100
Housing index5573100
Transportation index11293100
Utilities index8493100
A general summary of the cost of living index in Plymouth, IN is shown above. Compared to the state average of Indiana the cost of living index in Plymouth, IN is 81, which is 8% lower than the average in Indiana and compared to the national average it is 19% 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 Plymouth, IN goods and services come in at 7% lower than the average in Indiana and are 12% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Plymouth is 8% lower than the Indiana average.
  • The cost of living in Plymouth is 19% lower than the national average.
  • The cost of housing in Plymouth is 45% 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.

Find Real Estate Listings In Plymouth

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Plymouth

Compare Plymouth, IN Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Plymouth, IN to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Plymouth, IN, you have to earn a higher income in order to still have the same standard of living. To operate the Plymouth, IN salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$41,728$3,477$974$1,252
Renters$21,288$1,774$497$639
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Plymouth, IN as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Plymouth, IN homeowners, is $41,728. This would allow for a maximum of $974 per month to be spent on housing costs. For renters, the median monthly income is $21,288 which would result in a maximum of $497 to be spent on rental costs.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
For those who live in Plymouth, IN and want to know what the true cost of living is, they ought to look at both the Indiana income tax rate and the Indiana sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Indiana, the sales tax is 7%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Indiana, the income tax rate ranges between 3.3% to 3.3%.

Goods & Services

ItemPlymouthNational avg.Difference
Haircut $16.50$14.5913.1%
Beauty Salon $29.00$34.6816.4%
Toothpaste $2.03$2.4717.9%
Shampoo $0.88$1.0213.9%
Movie $8.15$9.8717.4%
Bowling $3.31$4.3924.6%

Groceries

ItemPlymouthNational avg.Difference
Ground Beef $4.39$4.481.9%
Fried Chicken $1.54$1.465.2%
Milk $1.95$2.3617.3%
Potatoes $2.68$3.0612.5%
Pizza $8.99$9.242.7%
Beer $8.45$8.632.1%

Health Care

ItemPlymouthNational avg.Difference
Optometrist $104.33$99.784.6%
Doctor $108.67$105.033.5%
Dentist $81.00$88.708.7%
Ibuprofen $8.24$9.4112.5%
Lipitor $229.33$298.5023.2%

Housing

ItemPlymouthNational avg.Difference
Home Price $86,900.00$175,700.0050.5%
Avg. Mortgage Payment $883.48$1,081.0318.3%
Apartment Rent $620.00$920.0032.6%

Transportation

ItemPlymouthNational avg.Difference
Gasoline $2.61$2.0924.9%
Tire Balancing $34.00$45.2924.9%

Utilities

ItemPlymouthNational avg.Difference
All Electricity$137.40$170.8019.6%
Phone $25.01$28.2611.5%
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.
Monterey, IN24977-23%
Mentone, IN92279-21%
Etna Green, IN67979-21%
Hamlet, IN93680-20%
Argos, IN1,78380-20%
Plymouth, IN10,04881-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Marlboro Village, MD10,04612020%
Valencia West, AZ10,05194-6%
Carroll, IA10,05183-17%
Newport, OR10,04511414%
Great Neck, NY10,05219595%
Plymouth, IN10,04881-19%
Source: The Plymouth, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.