| Index | Connersville | Indiana | National |
| Cost of living | 83 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 97 | 97 | 100 |
| Housing | 51 | 72 | 100 |
| Transportation | 97 | 96 | 100 |
| Utilities | 95 | 96 | 100 |
| Lifestyle & Entertainment | 94 | 95 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 99 | 94 | 100 |
Knowing the cost of living in Connersville allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Connersville stands at 83, marking it 17% lower than the national average.
Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Connersville distinguishes itself by reporting housing expenses that are 49.5% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Connersville can allocate more of their income to housing, enhancing their financial flexibility.
Is Connersville 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 Connersville, the median home price is 59.2% lower than the national average and monthly rent prices are 26.9% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Connersville boasting a median household income of $58,720, 27.8% lower than the national average.
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 Connersville, healthcare costs are 3.1% lower than the national average.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Connersville, the housing index is 49.5% lower than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Connersville, the groceries index is 2.2% lower than the national average.
The Connersville cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $75,548 | $6,296 | $1,763 | $2,267 |
| Renters | $35,193 | $2,933 | $821 | $1,056 |
| State | General Sales Tax | With Max Surtax |
| Indiana | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Indiana | 3.15% | 3.15% |
| City | Population | Cost of Living Index | National Avg. |
| Mount Auburn, IN | 96 | 80 | 20.2% |
| Dublin, IN | 986 | 82 | 17.8% |
| Laurel, IN | 802 | 82 | 17.6% |
| Milton, IN | 333 | 83 | 17.2% |
| Lewisville, IN | 410 | 83 | 17.0% |
| Connersville, IN | 13,374 | 83 | 17.2% |
| City | Population | Cost of Living Index | National Avg. |
| Lumberton, TX | 13,374 | 99 | 0.9% |
| Trenton, OH | 13,371 | 94 | 5.5% |
| Portland, TN | 13,381 | 94 | 6.2% |
| New Kingman-Butler, AZ | 13,385 | 88 | 12.1% |
| Sharon, PA | 13,388 | 79 | 21.3% |
| Connersville, IN | 13,374 | 83 | 17.2% |
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