Cost Of Living in Clear Lake, IN

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F

57%

Overall NAT. AVG.

3%

Goods & Services NAT. AVG.

196%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; 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	Clear Lake	Indiana	National
Cost of living	157	90	100
Goods & Services	97	95	100
Groceries	100	99	100
Health care	92	99	100
Housing	296	72	100
Transportation	101	101	100
Utilities	95	95	100

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Homes For Sale In Clear Lake, IN

Ln 587 Lake James

Jamestown Township, IN

Cost Of Living Quick Facts

The cost of living in Clear Lake is 75% higher than the Indiana average
The cost of living in Clear Lake is 57% higher than the national average
Clear Lake housing is 196% higher 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

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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	$138,505	$11,542	$3,232	$4,156
Renters	$84,743	$7,062	$1,977	$2,543

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%

Goods & Services

Item	Clear Lake	National avg.	Difference
Haircut	$30.61	$27.62	10.8%
Beauty Salon	$45.28	$51.11	11.4%
Toothpaste	$4.21	$4.09	2.9%
Shampoo	$1.52	$1.54	1.4%
Movie	$14.91	$12.88	15.8%
Yoga	$19.33	$19.66	1.7%

Groceries

Item	Clear Lake	National avg.	Difference
Ground Beef	$7.65	$7.70	0.7%
Fried Chicken	$1.69	$1.66	1.7%
Milk	$4.75	$4.73	0.4%
Potatoes	$5.26	$5.26	0.1%
Pizza	$11.62	$12.76	9.0%
Beer	$10.66	$10.55	1.0%

Health Care

Item	Clear Lake	National avg.	Difference
Optometrist	$127.29	$140.06	9.1%
Doctor	$135.67	$153.82	11.8%
Dentist	$118.33	$123.15	3.9%
Ibuprofen	$11.58	$11.73	1.3%
Lipitor	$19.70	$23.61	16.6%

Housing

Item	Clear Lake	National avg.	Difference
Home Price	$1,252,027.00	$326,622.00	283.3%
Avg. Mortgage Payment	$1,890.64	$2,480.25	23.8%
Apartment Rent	$1,337.00	$1,444.00	7.4%

Transportation

Item	Clear Lake	National avg.	Difference
Gasoline	$3.19	$3.06	4.4%
Tire Balancing	$59.33	$65.21	9.0%

Utilities

Item	Clear Lake	National avg.	Difference
All Electricity	$202.77	$220.12	7.9%
Phone	$193.62	$195.71	1.1%

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	Population	Cost of Living Index	National Avg.
Nettle Lake, OH	313	74	25.6%
Reading, MI	991	81	19.5%
Montgomery, MI	368	84	16.4%
Camden, MI	716	84	16.2%
Montpelier, OH	4,093	84	16.2%
Clear Lake, IN	408	157	57.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Highland Lake, AL	408	102	1.9%
Sulphur Springs city, AR	408	83	17.0%
Lorimor, IA	408	75	24.8%
Palmer, MI	408	80	20.1%
McCord Bend, MO	408	76	24.3%
Clear Lake, IN	408	157	57.0%