Cost of Living in Hope, IN

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15%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
42%
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 Hope Indiana National
Cost of living8589100
Groceries10097100
Health care9697100
Housing5872100
Transportation9696100
Utilities9796100
Lifestyle & Entertainment9395100
Household Items9898100
Education & Childcare9694100
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Homes For Sale In Hope, IN

property for sale

11005 N County Road 425 E

Hope, IN
property for sale

10941 N County Road 1050 E

Hope, IN
property for sale

157 Hauser Dr

Hope, IN
property for sale

15241 E Jackson Rd

Hope, IN

Cost Of Living Quick Facts

  • The cost of living in Hope is 4% lower than the Indiana average
  • The cost of living in Hope is 15% lower than the national average
  • Hope housing is 42% 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 Hope

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Compare Hope, IN Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$71,084$5,924$1,659$2,133
      Renters$66,711$5,559$1,556$2,002

      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.
      Elizabethtown, IN5388317.2%
      Clifford, IN2758317.1%
      Hartsville, IN4278416.5%
      Taylorsville, IN5288416.0%
      St. Paul, IN1,1258515.5%
      Hope, IN1,9858514.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Los Molinos, CA1,98511211.6%
      Decatur, MI1,9858614.1%
      Robesonia, PA1,985964.4%
      Grapeland, TX1,9858416.1%
      Peach Lake, NY1,98613736.8%
      Hope, IN1,9858514.8%
      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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