Cost of Living in Garrett, IN

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13%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
38%
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 Garrett Indiana National
Cost of living8789100
Groceries9897100
Health care9597100
Housing6272100
Transportation10096100
Utilities9596100
Lifestyle & Entertainment9595100
Household Items10098100
Education & Childcare9594100
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Homes For Sale In Garrett, IN

property for sale

416 N Randolph St

Garrett, IN
property for sale

4 Pinetree Rd

Garrett, IN
property for sale

1907 Waynedale Dr

Garrett, IN
property for sale

5772 County Road 11A

Auburn, IN
See the Newest Homes For Sale In Garrett, IN

Cost Of Living Quick Facts

  • The cost of living in Garrett is 3% lower than the Indiana average
  • The cost of living in Garrett is 13% lower than the national average
  • Garrett housing is 38% 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 Garrett

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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
      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)
      Owners$84,146$7,012$1,963$2,525
      Renters$62,309$5,192$1,454$1,869
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Garrett, IN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Garrett homeowners, is $84,146. This would allow for a maximum of $1,963 per month to be spent on housing costs. For renters, the median monthly income is $62,309 which would result in a maximum of $1,454 to be spent on rental costs.

      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

      City Population Cost of Living Index National Avg.
      St. Joe, IN4668119.0%
      Waterloo, IN2,2848316.6%
      Ashley, IN1,0828416.5%
      Corunna, IN1958416.1%
      Wolcottville, IN9828316.9%
      Garrett, IN6,7228713.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Milford, MI6,7221099.0%
      Minden Hills, ON6,722n/a 
      South Valley Stream, NY6,71915353.0%
      Moraine, OH6,7198514.7%
      Oakmont, PA6,7181077.4%
      Garrett, IN6,7228713.3%
      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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