Cost Of Living in Michigantown, IN

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13%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

36%

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	Michigantown	Indiana	National
Cost of living	87	89	100
Groceries	98	97	100
Health care	96	97	100
Housing	64	72	100
Transportation	99	96	100
Utilities	99	96	100
Lifestyle & Entertainment	95	95	100
Household Items	96	98	100
Education & Childcare	93	94	100

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Homes For Sale In Michigantown, IN

6390 E Co Road 100 N

Michigantown, IN

85 N Co Road 500 E

Frankfort, IN

6953 N State Road 29

Frankfort, IN

Cost Of Living Quick Facts

The cost of living in Michigantown is 2% lower than the Indiana average
The cost of living in Michigantown is 13% lower than the national average
Michigantown housing is 36% 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

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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	$102,256	$8,521	$2,386	$3,068
Renters	$68,872	$5,739	$1,607	$2,066

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.
Flora, IN	1,925	82	17.8%
Kirklin, IN	1,162	83	16.6%
Kempton, IN	349	83	16.5%
Burlington, IN	664	84	15.6%
Frankfort, IN	15,906	84	16.0%
Michigantown, IN	555	87	13.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Napaskiak, AK	555	91	9.1%
White Plains, AL	555	95	5.4%
Gilman, IA	555	81	19.4%
Chapin, IL	555	84	16.4%
Fithian, IL	555	89	10.6%
Michigantown, IN	555	87	13.1%