Purdue University 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.
IndexPurdue UniversityIndianaNational
Cost of living index9187100
IndexPurdue UniversityIndianaNational
Goods & Services index9194100
Groceries index9494100
Health care index9595100
Housing index8373100
Transportation index9192100
Utilities index10490100
An overview of the general cost of living index for Purdue University, IN is displayed above for your reference. Residents in Purdue University, IN enjoy a cost of living index of 91. This index is 4% higher than the Indiana average, and 9% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Purdue University, IN, the average cost of goods and services is 3% lower than it is in Indiana, and it is 9% lower than the national average.

Did you know?

  • The cost of living in Purdue University is 4% higher than the Indiana average.
  • The cost of living in Purdue University is 9% lower than the national average.
  • The cost of housing in Purdue University 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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Compare Purdue University, IN Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Purdue University, IN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Purdue University, IN, then you would need to earn more income in order to maintain the same standard of living. To use the Purdue University, IN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$0$0$0$0
Renters$19,296$1,608$450$579
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Purdue University, IN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Purdue University, IN homeowners have a median income of $0. Using that number, you will come up with a maximum of $0 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $19,296, which means there is a maximum of $450 to be spent on the costs of renting a home or apartment.

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 Purdue University, 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

ItemPurdue UniversityNational avg.Difference
Haircut $14.50$15.566.8%
Beauty Salon $24.92$36.1131.0%
Toothpaste $2.83$2.4714.3%
Shampoo $0.91$0.965.7%
Movie $9.50$10.136.2%
Bowling $3.79$4.7419.9%

Groceries

ItemPurdue UniversityNational avg.Difference
Ground Beef $3.88$3.982.5%
Fried Chicken $1.31$1.416.7%
Milk $2.04$2.061.3%
Potatoes $2.90$2.982.9%
Pizza $9.11$9.473.8%
Beer $8.48$8.793.5%

Health Care

ItemPurdue UniversityNational avg.Difference
Optometrist $98.00$101.043.0%
Doctor $85.59$107.4420.3%
Dentist $89.33$90.421.2%
Ibuprofen $8.94$9.283.7%
Lipitor $440.52$426.503.3%

Housing

ItemPurdue UniversityNational avg.Difference
Home Price $0.00$175,700.00100.0%
Avg. Mortgage Payment $790.41$1,133.2330.3%
Apartment Rent $768.00$920.0016.5%

Transportation

ItemPurdue UniversityNational avg.Difference
Gasoline $1.96$1.991.6%
Tire Balancing $33.70$45.7626.4%

Utilities

ItemPurdue UniversityNational avg.Difference
All Electricity$148.76$163.819.2%
Phone $34.99$28.3923.3%
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.
Colburn, IN24094-6%
Buck Creek, IN20276-24%
Delphi, IN2,78780-20%
Clarks Hill, IN59280-20%
Stockwell, IN51383-17%
Purdue University, IN10,95491-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newport East, RI10,95312929%
Highland Park, MI10,95179-21%
Piedmont, CA10,957343243%
Grand Rapids, MN10,95094-6%
Gulf Gate Estates, FL10,9461033%
Purdue University, IN10,95491-9%
Source: The Purdue University, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.