Logansport cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLogansportIndianaNational
Cost of living index7989100
IndexLogansportIndianaNational
Goods & Services index9097100
Groceries index8992100
Health care index10394100
Housing index4572100
Transportation index97100100
Utilities index9999100
Here we can see a simple outline of the cost of living in Logansport, IN. As you can see, with the average cost of living in Logansport, IN being 79, that puts it 12% lower than the average of Indiana and 21% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Logansport, IN, the price of goods and services are 7% lower than the average of Indiana as well as 10% lower than the nation's average.
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Did you know?

  • The cost of living in Logansport is 12% lower than the Indiana average.
  • The cost of living in Logansport is 21% lower than the national average.
  • The cost of housing in Logansport is 55% 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.

Compare Logansport, IN Cost of living To Other Cities

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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
      Use the salary calculator to compare your current income in Logansport, IN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Logansport, IN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Logansport, IN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$39,552$3,296$923$1,187
      Renters$26,050$2,171$608$782
      If you want to find a good determining factor for the cost of living and the general affordability of housing in Logansport, IN, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Logansport, IN, the median monthly income is $39,552 for those who own their own homes. Under the standard rule, that income level would allow for $923 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,050, per the median income in the area. That would allow for renters to spend up to $608 on monthly rental expenses.

      Indiana Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Indiana7%7%

      Indiana Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Indiana3.23%3.23%
      When assessing the complete cost of living in Logansport, IN, the Indiana income tax and the Indiana sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Indiana maximum surtax is 7%, and the Indiana sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.23% to 3.23% in Indiana.

      Goods & Services

      ItemLogansportNational avg.Difference
      Haircut $16.99$17.492.9%
      Beauty Salon $26.66$38.1730.2%
      Toothpaste $2.10$2.329.5%
      Shampoo $0.88$1.0113.0%
      Movie $5.99$10.7244.1%
      Bowling $10.00$13.8627.9%

      Groceries

      ItemLogansportNational avg.Difference
      Ground Beef $3.75$3.903.8%
      Fried Chicken $1.28$1.408.3%
      Milk $1.24$1.9636.8%
      Potatoes $2.79$3.1812.3%
      Pizza $9.99$10.393.9%
      Beer $8.65$9.236.3%

      Health Care

      ItemLogansportNational avg.Difference
      Optometrist $134.67$106.3426.6%
      Doctor $125.33$115.258.7%
      Dentist $95.67$98.382.8%
      Ibuprofen $8.09$9.2612.6%
      Lipitor $500.54$466.477.3%

      Housing

      ItemLogansportNational avg.Difference
      Home Price $66,000.00$184,700.0064.3%
      Avg. Mortgage Payment $978.00$1,273.3223.2%
      Apartment Rent $630.00$949.0033.6%

      Transportation

      ItemLogansportNational avg.Difference
      Gasoline $2.84$2.599.7%
      Tire Balancing $38.96$48.9020.3%

      Utilities

      ItemLogansportNational avg.Difference
      All Electricity$163.77$167.602.3%
      Phone $181.42$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.
      Macy, IN25271-29%
      Onward, IN14175-25%
      Peru, IN11,41578-22%
      Bunker Hill, IN53378-22%
      Grissom AFB, IN2,39179-21%
      Logansport, IN17,92479-21%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Menasha, WI17,93086-14%
      St. Matthews, KY17,9301011%
      Gibsonton, FL17,91692-8%
      Tinton Falls, NJ17,91012929%
      Monroe, WA17,90613131%
      Logansport, IN17,92479-21%
      Source: The Logansport, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.