Cost of Living in Timber Lake-Covington Woods, Fort Wayne, IN

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A
6%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
27%
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 Timber Lake-Covington Woods Fort Wayne Indiana
Cost of living1069089
Groceries989897
Health care959597
Housing1277272
Transportation10010096
Utilities959596
Lifestyle & Entertainment959595
Household Items10010098
Education & Childcare959594
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Homes For Sale In Fort Wayne, IN

property for sale

229 Center St

Fort Wayne, IN
property for sale

109 N Deer Cliff Run

Fort Wayne, IN
property for sale

11256 Nubuck Way

Fort Wayne, IN
property for sale

1804 Cymbeline Ct

Fort Wayne, IN

Cost Of Living Quick Facts

  • The cost of living in Timber Lake-Covington Woods is 19% higher than the Fort Wayne average
  • The cost of living in Timber Lake-Covington Woods is 6% higher than the national average
  • Timber Lake-Covington Woods housing is 27% 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

Most Affordable Places to Live in and Around Timber Lake-Covington Woods

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Compare Fort Wayne, IN Cost of Living

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      Salary Calculator

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      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)
      Household$134,861$11,238$3,147$4,046

      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

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      Huntington, IN17,5208416.3%
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      New Haven, IN16,5138911.2%
      Hoagland, IN9288910.8%
      Fort Wayne, IN274,1889010.5%

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      Jersey City, NJ268,54614545.0%
      Irvine, CA280,132208108.4%
      Fort Wayne, IN274,1889010.5%
      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.
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