Cost of Living in Mitchell, IN

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17%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
51%
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 Mitchell Indiana National
Cost of living8389100
Groceries9697100
Health care9897100
Housing4972100
Transportation9596100
Utilities9796100
Lifestyle & Entertainment9695100
Household Items9998100
Education & Childcare10394100
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Homes For Sale In Mitchell, IN

property for sale

145 Odea Ct

Mitchell, IN
property for sale

2510 Rabbitsville Rd

Mitchell, IN
property for sale

2266 Vfw Rd

Mitchell, IN
property for sale

120 W Warren St

Mitchell, IN
See the Newest Homes For Sale In Mitchell, IN

Cost Of Living Quick Facts

  • The cost of living in Mitchell is 7% lower than the Indiana average
  • The cost of living in Mitchell is 17% lower than the national average
  • Mitchell housing is 51% 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

Most Affordable Places to Live in and Around Mitchell

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Compare Mitchell, IN Cost of Living

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      Price difference in compared to
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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$77,532$6,461$1,809$2,326
      Renters$27,048$2,254$631$812
      A good indicator of the general affordability of housing in Mitchell, IN, 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 Mitchell, the median monthly income is $77,532 for those who own their own homes. Under the standard rule, that income level would allow for $1,809 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,048, per the median income in the area. That would allow for renters to spend up to $631 on monthly rental expenses.

      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.
      Owensburg, IN3978119.5%
      Livonia, IN788118.6%
      Saltillo, IN1638118.5%
      French Lick, IN1,8308317.1%
      Campbellsburg, IN8478415.8%
      Mitchell, IN4,3748317.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mullins, SC4,3738316.8%
      Enon, VA4,3731065.5%
      Greenville, KY4,3758415.9%
      Buchanan, MI4,3758713.1%
      Cold Spring, MN4,3751000.2%
      Mitchell, IN4,3748317.3%
      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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