| Index | Mishawaka | Indiana | National |
| Cost of living | 87 | 89 | 100 |
| Groceries | 96 | 97 | 100 |
| Health care | 99 | 97 | 100 |
| Housing | 67 | 72 | 100 |
| Transportation | 94 | 96 | 100 |
| Utilities | 96 | 96 | 100 |
| Lifestyle & Entertainment | 100 | 95 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 93 | 94 | 100 |
Getting a feel for the cost of living in Mishawaka is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Mishawaka is 87, which is 13% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Locals have the inside scoop on their city. So, we polled 6 residents in Mishawaka to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 83% find it reasonable with decreasing prices, but 17% think it's quite pricey, with prices that continue to rise.
Is Mishawaka affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Mishawaka, the median home price is 41% lower than the national average and monthly rent prices are 13.9% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Mishawaka boasting a median household income of $67,363, 17.2% lower than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Mishawaka, healthcare costs are 1% lower than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Mishawaka, the housing index is 32.9% lower than the national average.
The cost of living estimates displayed for Mishawaka are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $89,187 | $7,432 | $2,081 | $2,676 |
| Renters | $49,567 | $4,131 | $1,156 | $1,487 |
| State | General Sales Tax | With Max Surtax |
| Indiana | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Indiana | 3.15% | 3.15% |
| City | Population | Cost of Living Index | National Avg. |
| La Paz, IN | 654 | 83 | 17.3% |
| Niles, MI | 11,521 | 84 | 16.2% |
| Lakeville, IN | 792 | 84 | 16.3% |
| South Bend, IN | 104,796 | 84 | 15.8% |
| Elkhart, IN | 53,808 | 86 | 13.8% |
| Mishawaka, IN | 51,230 | 87 | 12.5% |
| City | Population | Cost of Living Index | National Avg. |
| North Bethesda, MD | 51,238 | 162 | 62.1% |
| Lakewood, OH | 51,262 | 94 | 6.2% |
| Plainfield, NJ | 51,295 | 122 | 21.5% |
| Enid, OK | 51,301 | 88 | 11.9% |
| Poway, CA | 51,311 | 179 | 78.8% |
| Mishawaka, IN | 51,230 | 87 | 12.5% |
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