Cost of Living in Lake Village, IN

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15%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
39%
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 Lake Village Indiana National
Cost of living8589100
Groceries9597100
Health care9897100
Housing6172100
Transportation9596100
Utilities9396100
Lifestyle & Entertainment9895100
Household Items9698100
Education & Childcare9794100
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Homes For Sale In Lake Village, IN

property for sale

3885 W 857 N

Lake Village, IN
property for sale

3572 Indiana 10 Lot 3

Lake Village, IN
property for sale

8901 N 489 W

Lake Village, IN
property for sale

N 56 E

Lake Village, IN

Cost Of Living Quick Facts

  • The cost of living in Lake Village is 4% lower than the Indiana average
  • The cost of living in Lake Village is 15% lower than the national average
  • Lake Village 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 Lake Village

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Compare Lake Village, IN Cost of Living

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      Salary Calculator

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      Cost of living index
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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$146,066$12,172$3,408$4,382
      Renters$0$0$0$0

      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.
      Hopkins Park, IL6067921.2%
      Mount Ayr, IN1027921.1%
      Beaverville, IL3838316.9%
      Morocco, IN1,1388416.0%
      Papineau, IL1338415.9%
      Lake Village, IN7258514.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cherry Valley, AR7258118.7%
      Ty Ty, GA7258316.9%
      Redfield, IA7258911.1%
      Idaho City, ID7258811.6%
      Stewardson, IL7258415.8%
      Lake Village, IN7258514.7%
      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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