Spring Lake 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.
IndexSpring LakeIndianaNational
Cost of living index8387100
IndexSpring LakeIndianaNational
Goods & Services index8594100
Groceries index8794100
Health care index9795100
Housing index7173100
Transportation index9292100
Utilities index9490100

Did you know?

  • The cost of living in Spring Lake is 5% lower than the Indiana average.
  • The cost of living in Spring Lake is 17% lower than the national average.
  • The cost of housing in Spring Lake is 29% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,875$5,156$1,444$1,856
Renters$41,250$3,438$962$1,238

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%

Goods & Services

ItemSpring LakeNational avg.Difference
Haircut $12.03$15.5622.7%
Beauty Salon $24.06$36.1133.4%
Toothpaste $1.74$2.4729.5%
Shampoo $0.77$0.9619.9%
Movie $8.50$10.1316.1%
Bowling $3.53$4.7425.4%

Groceries

ItemSpring LakeNational avg.Difference
Ground Beef $3.82$3.984.2%
Fried Chicken $0.99$1.4129.8%
Milk $1.38$2.0633.3%
Potatoes $2.74$2.988.2%
Pizza $8.04$9.4715.1%
Beer $8.83$8.790.4%

Health Care

ItemSpring LakeNational avg.Difference
Optometrist $97.33$101.043.7%
Doctor $93.51$107.4413.0%
Dentist $93.50$90.423.4%
Ibuprofen $8.19$9.2811.7%
Lipitor $439.68$426.503.1%

Housing

ItemSpring LakeNational avg.Difference
Home Price $124,400.00$175,700.0029.2%
Avg. Mortgage Payment $837.55$1,133.2326.1%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemSpring LakeNational avg.Difference
Gasoline $1.95$1.992.0%
Tire Balancing $35.84$45.7621.7%

Utilities

ItemSpring LakeNational avg.Difference
All Electricity$155.18$163.815.3%
Phone $26.67$28.396.1%
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.
Manilla, IN22077-23%
Arlington, IN47177-23%
Fairland, IN33478-22%
Shirley, IN85984-16%
Morristown, IN1,32979-21%
Spring Lake, IN29283-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Keysville, GA29276-24%
Marble Rock, IA29278-22%
Kelliher, MN29282-18%
Morgan City, MS29274-26%
La Russell, MO29283-17%
Spring Lake, IN29283-17%
Source: The Spring Lake, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.