Matthews 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.
IndexMatthewsIndianaNational
Cost of living index7289100
IndexMatthewsIndianaNational
Goods & Services index8198100
Groceries index9394100
Health care index7693100
Housing index4172100
Transportation index9196100
Utilities index9194100

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Did you know?

  • The cost of living in Matthews is 19% lower than the Indiana average.
  • The cost of living in Matthews is 28% lower than the national average.
  • The cost of housing in Matthews is 59% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$40,833$3,403$953$1,225
Renters$16,094$1,341$376$483

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%

Goods & Services

ItemMatthewsNational avg.Difference
Haircut $11.07$16.0931.2%
Beauty Salon $25.07$37.3332.8%
Toothpaste $1.93$2.4521.0%
Shampoo $0.87$1.0012.8%
Movie $6.02$10.2841.5%
Bowling $3.49$4.9329.3%

Groceries

ItemMatthewsNational avg.Difference
Ground Beef $3.52$3.807.4%
Fried Chicken $1.22$1.4012.6%
Milk $1.59$2.0120.7%
Potatoes $2.65$3.0111.8%
Pizza $8.00$9.8919.1%
Beer $8.29$8.906.9%

Health Care

ItemMatthewsNational avg.Difference
Optometrist $49.75$102.1651.3%
Doctor $65.15$108.3639.9%
Dentist $70.01$92.5324.3%
Ibuprofen $8.66$9.286.7%
Lipitor $415.83$425.822.3%

Housing

ItemMatthewsNational avg.Difference
Home Price $64,000.00$184,700.0065.3%
Avg. Mortgage Payment $826.93$1,202.4431.2%
Apartment Rent $520.00$949.0045.2%

Transportation

ItemMatthewsNational avg.Difference
Gasoline $2.21$2.241.6%
Tire Balancing $35.40$46.2923.5%

Utilities

ItemMatthewsNational avg.Difference
All Electricity$142.37$165.9614.2%
Phone $27.84$28.682.9%
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.
Montpelier, IN1,71881-19%
Hartford City, IN6,11081-19%
Gaston, IN81572-28%
Summitville, IN93381-19%
Marion, IN28,69883-17%
Matthews, IN66072-28%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Trimble, MO66088-12%
Trafford, AL66078-22%
Oneida Castle, NY66092-8%
Gulf Stream, FL660281181%
Miranda, CA66013838%
Matthews, IN66072-28%
Source: The Matthews, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.