Cost of Living in McCordsville, IN

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A+
4%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
20%
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 McCordsville Indiana National
Cost of living10489100
Groceries9997100
Health care9897100
Housing12072100
Transportation9696100
Utilities9896100
Lifestyle & Entertainment9695100
Household Items9898100
Education & Childcare9094100
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Homes For Sale In McCordsville, IN

property for sale

6222 Fairview Dr

McCordsville, IN
property for sale

6216 Fairview Dr

McCordsville, IN
property for sale

13011 Water Ridge Dr

Fishers, IN
property for sale

6671 Dunkirk Dr

McCordsville, IN

Cost Of Living Quick Facts

  • The cost of living in McCordsville is 17% higher than the Indiana average
  • The cost of living in McCordsville is 4% higher than the national average
  • McCordsville housing is 20% higher 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 McCordsville

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      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$148,971$12,414$3,476$4,470
      Renters$89,952$7,496$2,099$2,699
      The affordability of the housing market in McCordsville, IN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among McCordsville homeowners, the median income is $148,971. This indicates that a monthly maximum of $3,476 should be spent by homeowners on all housing related costs. Renters have a median income of $89,952. This indicates that renters would have a maximum of $2,099 for their rent related monthly 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.
      Anderson, IN56,0578416.4%
      Beech Grove, IN15,6798811.7%
      Spring Lake, IN2598910.8%
      Ingalls, IN2,5448911.0%
      Lapel, IN2,4369010.0%
      McCordsville, IN7,4491043.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      West Samoset, FL7,448964.4%
      New Paltz, NY7,45212222.3%
      Mims, FL7,4431033.4%
      Monessen, PA7,4428416.4%
      Kingsland, TX7,438927.8%
      McCordsville, IN7,4491043.9%
      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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