Cost of Living in Charlestown, IN

Get 300+ Local Insights for Any Address in Charlestown, IN

Get Access to 300+ Local Data Points
A+
10%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
24%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Charlestown Indiana National
Cost of living9089100
Groceries9597100
Health care9797100
Housing7672100
Transportation9996100
Utilities9596100
Lifestyle & Entertainment9895100
Household Items9598100
Education & Childcare9594100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Charlestown, IN

property for sale

3206 Edens Way

Charlestown Township, IN
property for sale

226 2nd St

Charlestown, IN
property for sale

7834 Linwood (lot 442) CIR

Charlestown, IN
property for sale

6407 Sunset Loop

Charlestown, IN
See the Newest Homes For Sale In Charlestown, IN

Cost Of Living Quick Facts

  • The cost of living in Charlestown is 1% higher than the Indiana average
  • The cost of living in Charlestown is 10% lower than the national average
  • Charlestown housing is 24% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Charlestown

See all the best places to live around Charlestown

Compare Charlestown, IN Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Charlestown?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Charlestown?
      Write a review to give others more information about this area.
      See all Charlestown poll results

      The best places in Indiana

      Here are the best places to live in IndianaSafest Cities In The USSee the best places to live in CharlestownThese are the largest cities in Indiana
      Best Places in Indiana

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$105,024$8,752$2,450$3,151
      Renters$26,305$2,192$614$789
      The affordability of the housing market in Charlestown, 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 Charlestown homeowners, the median income is $105,024. This indicates that a monthly maximum of $2,450 should be spent by homeowners on all housing related costs. Renters have a median income of $26,305. This indicates that renters would have a maximum of $614 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 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      New Washington, IN5838713.4%
      Borden, IN1,4929010.1%
      New Albany, IN37,605919.4%
      Clarksville, IN22,296919.0%
      Henryville, IN1,763918.6%
      Charlestown, IN8,576909.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kalifornsky, AK8,57612322.7%
      Shelby, OH8,5748416.1%
      Moundsville, WV8,5738416.4%
      Lake Carmel, NY8,57212424.0%
      Dumbarton, VA8,5801066.2%
      Charlestown, IN8,576909.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026