A+
12%
Overall NAT. AVG.
14%
Goods & Services NAT. AVG.
21%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Warsaw Indiana National
Cost of living8890100
Goods & Services8694100
Groceries10098100
Health care8796100
Housing7972100
Transportation9095100
Utilities101107100

An Overview of Cost of Living in Warsaw, IN

Are you thinking about relocating, but curious about the potential cost of living in Warsaw? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Warsaw stands at 88, making it 12% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday staples like clothes, toiletries and entertainment expenses play a big role in your total living costs. But in Warsaw, these goods are 13.8% cheaper than the national average. So, you can enjoy what you need and love without emptying your wallet. Plus, you'll have more cash to put towards your savings or any other money goals you have, which is a real boost for your financial well-being.

Is Warsaw Affordable?

Is Warsaw affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Warsaw, the median home price is 24.9% lower than the national average and monthly rent prices are 12.8% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Warsaw boasting a median household income of $53,006, 4.2% lower than the national average.

What Factors can Influence the Cost of Living in Warsaw?

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Warsaw, healthcare costs are 12.7% lower than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Warsaw, the groceries index registers 0.1% lower than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Where is the Data From?

The cost of living in Warsaw, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Warsaw is 2% lower than the Indiana average
  • The cost of living in Warsaw is 12% lower than the national average
  • Warsaw housing is 21% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 43% higher than the national average

Most Affordable Places to Live in and Around Warsaw

See all the best places to live around Warsaw

Compare Warsaw, IN Cost of Living

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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$70,462$5,872$1,644$2,114
      Renters$36,339$3,028$848$1,090
      The affordability of the housing market in Warsaw, IN as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Warsaw homeowners, the median income is $70,462. This indicates that a monthly maximum of $1,644 should be spent by homeowners on all housing related costs. Renters have a median income of $36,339. This indicates that renters would have a maximum of $848 for their rent related monthly costs.

      Indiana Sales Tax

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

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.23% 3.23%

      Goods & Services

      Item Warsaw National avg. Difference
      Haircut $20.78$24.2614.4%
      Beauty Salon $52.07$45.5614.3%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.34$1.284.6%
      Movie $13.08$12.137.8%
      Bowling $10.44$18.0042.0%

      Groceries

      Item Warsaw National avg. Difference
      Ground Beef $6.31$5.848.0%
      Fried Chicken $1.62$1.573.0%
      Milk $4.83$4.673.3%
      Potatoes $4.96$4.930.4%
      Pizza $11.04$12.098.7%
      Beer $9.65$10.417.3%

      Health Care

      Item Warsaw National avg. Difference
      Optometrist $132.22$125.685.2%
      Doctor $117.36$135.7813.6%
      Dentist $99.95$113.2911.8%
      Ibuprofen $10.40$10.652.4%
      Lipitor $356.34$468.6024.0%

      Housing

      Item Warsaw National avg. Difference
      Home Price $138,800.00$184,700.0024.9%
      Avg. Mortgage Payment $1,868.87$2,346.6920.4%
      Apartment Rent $828.00$949.0012.8%

      Transportation

      Item Warsaw National avg. Difference
      Gasoline $3.38$3.462.4%
      Tire Balancing $42.17$59.9229.6%

      Utilities

      Item Warsaw National avg. Difference
      All Electricity $199.24$193.992.7%
      Phone $190.02$192.251.2%
      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 Population Cost of Living Index National Avg.
      Sidney, IN648020.3%
      Claypool, IN5298217.8%
      Cromwell, IN4798316.6%
      Burket, IN1807920.8%
      South Whitley, IN1,5128515.3%
      Warsaw, IN15,7578812.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Dublin, GA15,7628613.6%
      Pataskala, OH15,751991.3%
      Rye, NY15,769265164.8%
      Clarksburg, WV15,7438317.1%
      Berea, KY15,773918.6%
      Warsaw, IN15,7578812.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.