Porter 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.
IndexPorterIndianaNational
Cost of living index10488100
IndexPorterIndianaNational
Goods & Services index10695100
Groceries index10892100
Health care index10095100
Housing index9973100
Transportation index11293100
Utilities index10493100
Displayed above is a general overview of the Porter, IN cost of living index. The overall cost of living index in Porter, IN is 104, which is 19% higher than the Indiana average and 4% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Porter, IN are 12% higher than the Indiana average and 6% higher than the national average.

Did you know?

  • The cost of living in Porter is 19% higher than the Indiana average.
  • The cost of living in Porter is 4% higher than the national average.
  • The cost of housing in Porter is 1% 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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The salary calculator allows you to compare how much your current salary in Porter, 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 Porter, IN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Porter, 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$84,375$7,031$1,969$2,532
Renters$47,232$3,936$1,102$1,417
The affordability of the housing market in Porter, IN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Porter, IN homeowners, the median income is $84,375. This indicates that a monthly maximum of $1,969 should be spent by homeowners on all housing related costs. Renters have a median income of $47,232. This indicates that renters should have a maximum of $1,102 used for their rent related monthly costs.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
When you are determining the total cost of living in Porter, 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

ItemPorterNational 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

ItemPorterNational 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

ItemPorterNational 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

ItemPorterNational avg.Difference
Home Price $166,300.00$175,700.005.4%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,006.00$920.009.3%

Transportation

ItemPorterNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%

Utilities

ItemPorterNational 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%
Lake Station, IN12,36991-9%
Westville, IN6,89582-18%
Michigan City, IN31,36982-18%
Town of Pines, IN73282-18%
Porter, IN4,8831044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Farrell, PA4,88375-25%
Union Grove, WI4,88399-1%
Floral City, FL4,88386-14%
Blakely, GA4,88278-22%
St. Robert, MO4,88295-5%
Porter, IN4,8831044%
Source: The Porter, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.