Cost of Living in New Chicago, IN

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16%
Overall NAT. AVG.
6%
Groceries NAT. AVG.
38%
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 New Chicago Indiana National
Cost of living8489100
Groceries9497100
Health care9897100
Housing6272100
Transportation9196100
Utilities9596100
Lifestyle & Entertainment9295100
Household Items9798100
Education & Childcare8994100
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Homes For Sale In New Chicago, IN

property for sale

223 E Washington Ave

Hobart, IN
property for sale

401 Tyler St

Hobart, IN
property for sale

3100 Kosciusko St

Hobart, IN
property for sale

534 E 37th Ave #8

Hobart, IN

Cost Of Living Quick Facts

  • The cost of living in New Chicago is 6% lower than the Indiana average
  • The cost of living in New Chicago is 16% lower than the national average
  • New Chicago housing is 38% 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 New Chicago

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Compare New Chicago, IN Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$82,687$6,891$1,929$2,481
      Renters$33,878$2,823$790$1,016

      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.
      Wheeler, IN237963.8%
      East Chicago, IN28,8358217.8%
      Gary, IN77,1518119.3%
      Lake Station, IN12,2278613.6%
      Hammond, IN78,5188712.7%
      New Chicago, IN1,8838415.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tecumseh, NE1,8838514.8%
      Florala, AL1,8848712.5%
      Catlettsburg, KY1,8827920.7%
      Calhoun Falls, SC1,8848217.9%
      Milford, UT1,884919.1%
      New Chicago, IN1,8838415.9%
      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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