B
Overall 12%
Goods & Services 4%
Housing 26%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexShorewoodFort WayneIndiana
Cost of living888489
Goods & Services969697
Groceries868692
Health care10510594
Housing746172
Transportation9696100
Utilities929299

Key findings

  • The cost of living in Shorewood is 1% lower than the Fort Wayne average
  • The cost of living in Shorewood is 12% lower than the national average
  • Shorewood housing is 26% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 45% higher than the national average

Most Affordable Places to Live in and Around Shorewood

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Compare Fort Wayne, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Household$75,688$6,307$1,766$2,271

      Indiana Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Indiana7%7%

      Indiana Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Indiana3.23%3.23%

      Goods & Services

      ItemFort WayneNational avg.Difference
      Haircut $18.00$17.492.9%
      Beauty Salon $31.00$38.1718.8%
      Toothpaste $1.85$2.3220.3%
      Shampoo $0.88$1.0113.0%
      Movie $10.96$10.722.2%
      Bowling $13.33$13.863.8%

      Groceries

      ItemFort WayneNational avg.Difference
      Ground Beef $3.77$3.903.3%
      Fried Chicken $0.88$1.4036.9%
      Milk $1.17$1.9640.4%
      Potatoes $2.60$3.1818.3%
      Pizza $9.49$10.398.7%
      Beer $8.99$9.232.6%

      Health Care

      ItemFort WayneNational avg.Difference
      Optometrist $70.25$106.3433.9%
      Doctor $129.50$115.2512.4%
      Dentist $108.00$98.389.8%
      Ibuprofen $8.12$9.2612.3%
      Lipitor $511.83$466.479.7%

      Housing

      ItemFort WayneNational avg.Difference
      Home Price $103,100.00$184,700.0044.2%
      Avg. Mortgage Payment $742.77$1,273.3241.7%
      Apartment Rent $681.00$949.0028.2%

      Transportation

      ItemFort WayneNational avg.Difference
      Gasoline $2.63$2.591.4%
      Tire Balancing $44.00$48.9010.0%

      Utilities

      ItemFort WayneNational avg.Difference
      All Electricity$144.78$167.6013.6%
      Phone $181.43$163.4211.0%
      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, StatePopulationCost of Living IndexNational Avg.
      Huntington, IN17,34081-19%
      Churubusco, IN1,85283-17%
      Columbia City, IN9,32483-17%
      Zanesville, IN57383-17%
      New Haven, IN15,67784-16%
      Fort Wayne, IN260,95484-16%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Chula Vista, CA260,59813838%
      Jersey City, NJ261,66614141%
      Buffalo, NY258,98983-17%
      Orlando, FL263,30695-5%
      St. Petersburg, FL253,58595-5%
      Fort Wayne, IN260,95484-16%
      Source: The Shorewood, Fort Wayne, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.