Princes Lakes, IN Cost Of Living

Princes Lakes 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.
Index	Princes Lakes	Indiana	National
Cost of living index	95	89	100
Index	Princes Lakes	Indiana	National
Goods & Services index	104	98	100
Groceries index	96	94	100
Health care index	88	93	100
Housing index	83	72	100
Transportation index	101	96	100
Utilities index	95	94	100

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The cost of living in Princes Lakes is 6% higher than the Indiana average.
The cost of living in Princes Lakes is 5% lower than the national average.
The cost of housing in Princes Lakes is 17% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$67,386	$5,616	$1,572	$2,022
Renters	$50,156	$4,180	$1,170	$1,505

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.3%	3.3%

Goods & Services

Item	Princes Lakes	National avg.	Difference
Haircut	$17.11	$16.09	6.4%
Beauty Salon	$39.32	$37.33	5.3%
Toothpaste	$2.64	$2.45	7.7%
Shampoo	$0.94	$1.00	6.4%
Movie	$10.54	$10.28	2.5%
Bowling	$4.98	$4.93	1.0%

Groceries

Item	Princes Lakes	National avg.	Difference
Ground Beef	$3.78	$3.80	0.5%
Fried Chicken	$1.13	$1.40	19.2%
Milk	$1.83	$2.01	8.8%
Potatoes	$2.93	$3.01	2.6%
Pizza	$10.00	$9.89	1.2%
Beer	$8.40	$8.90	5.6%

Health Care

Item	Princes Lakes	National avg.	Difference
Optometrist	$120.23	$102.16	17.7%
Doctor	$75.18	$108.36	30.6%
Dentist	$81.51	$92.53	11.9%
Ibuprofen	$8.93	$9.28	3.8%
Lipitor	$436.30	$425.82	2.5%

Housing

Item	Princes Lakes	National avg.	Difference
Home Price	$126,700.00	$184,700.00	31.4%
Avg. Mortgage Payment	$1,031.19	$1,202.44	14.2%
Apartment Rent	$1,094.00	$949.00	15.3%

Transportation

Item	Princes Lakes	National avg.	Difference
Gasoline	$2.35	$2.24	4.7%
Tire Balancing	$42.74	$46.29	7.7%

Utilities

Item	Princes Lakes	National avg.	Difference
All Electricity	$150.52	$165.96	9.3%
Phone	$28.90	$28.68	0.7%

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, State	Population	Cost of Living Index	National Avg.
Bethany, IN	98	97	-3%
Clifford, IN	214	85	-15%
Edinburgh, IN	4,647	84	-16%
Morgantown, IN	976	87	-13%
Taylorsville, IN	1,058	87	-13%
Princes Lakes, IN	1,424	95	-5%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Johnson, VT	1,424	103	3%
Lenox, IA	1,424	80	-20%
Wacousta, MI	1,425	96	-4%
Larimore, ND	1,425	85	-15%
Bridgeport, IL	1,425	77	-23%
Princes Lakes, IN	1,424	95	-5%

Source: The Princes Lakes, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Princes Lakes, IN Cost of Living