A+
12%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
39%
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 Crawfordsville Indiana National
Cost of living8890100
Goods & Services9694100
Groceries9898100
Health care10796100
Housing6172100
Transportation9995100
Utilities109107100

An Overview of Cost of Living in Crawfordsville, IN

Understanding the cost of living in Crawfordsville can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Crawfordsville cost of living index is 88, which is 12% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Is Crawfordsville Affordable?

Is Crawfordsville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Crawfordsville is 41.9% lower than the national average, while the average monthly rent prices are 31.1% lower than average. The affordability of any location can also be influenced by median income levels. Crawfordsville has a median household income of $44,029, which is 20.4% lower than the national average.

What Factors can Influence the Cost of Living in Crawfordsville?

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Crawfordsville, is 38.6% lower than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Crawfordsville, the utilities index registers at 9.2% higher than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including 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 farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Where is the Data From?

The cost of living data in Crawfordsville displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Crawfordsville is 2% lower than the Indiana average
  • The cost of living in Crawfordsville is 12% lower than the national average
  • Crawfordsville housing is 39% 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 Crawfordsville

See all the best places to live around Crawfordsville

Compare Crawfordsville, IN Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$56,086$4,674$1,309$1,683
      Renters$28,250$2,354$659$848
      To approximate the cost of living and the housing affordability in Crawfordsville, IN, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Crawfordsville have a median income of $56,086. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,309 per month to avoid calamity and poverty. The renters in the city have an income of about $28,250, which would make their monthly maximum allowable rental costs $659.

      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 Crawfordsville National avg. Difference
      Haircut $21.11$24.2613.0%
      Beauty Salon $34.91$45.5623.4%
      Toothpaste $3.80$3.702.6%
      Shampoo $1.21$1.285.7%
      Movie $9.09$12.1325.1%
      Bowling $19.27$18.007.1%

      Groceries

      Item Crawfordsville National avg. Difference
      Ground Beef $5.90$5.841.1%
      Fried Chicken $1.52$1.573.1%
      Milk $4.63$4.670.9%
      Potatoes $5.00$4.931.3%
      Pizza $11.42$12.095.5%
      Beer $9.83$10.415.6%

      Health Care

      Item Crawfordsville National avg. Difference
      Optometrist $121.07$125.683.7%
      Doctor $123.38$135.789.1%
      Dentist $140.03$113.2923.6%
      Ibuprofen $10.24$10.653.9%
      Lipitor $516.41$468.6010.2%

      Housing

      Item Crawfordsville National avg. Difference
      Home Price $107,400.00$184,700.0041.9%
      Avg. Mortgage Payment $2,162.95$2,346.697.8%
      Apartment Rent $654.00$949.0031.1%

      Transportation

      Item Crawfordsville National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $57.36$59.924.3%

      Utilities

      Item Crawfordsville National avg. Difference
      All Electricity $223.79$193.9915.4%
      Phone $190.17$192.251.1%
      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.
      Alamo, IN697624.4%
      Wallace, IN1017920.8%
      Wingate, IN3158019.8%
      Clarks Hill, IN7748316.6%
      Mellott, IN1578416.5%
      Crawfordsville, IN16,0888812.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sulphur Springs, TX16,091909.9%
      Cold Lake, AB16,076n/a 
      Albemarle, NC16,0738811.7%
      Harrisburg, NC16,07312020.1%
      Cullman, AL16,0729010.2%
      Crawfordsville, IN16,0888812.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.