North Salem, Indiana Cost Of Living

Buy Rent

B

Overall 13%

Goods & Services 4%

Housing 33%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	North Salem	Indiana	National
Cost of living	87	89	100
Goods & Services	96	96	100
Groceries	95	94	100
Health care	86	96	100
Housing	67	72	100
Transportation	91	99	100
Utilities	104	99	100

Key findings

The cost of living in North Salem is 3% lower than the Indiana average
The cost of living in North Salem is 13% lower than the national average
North Salem housing is 33% lower than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 31% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$46,827	$3,902	$1,093	$1,405
Renters	$30,313	$2,526	$707	$909

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.23%	3.23%

Goods & Services

Item	North Salem	National avg.	Difference
Haircut	$17.40	$20.27	14.2%
Beauty Salon	$38.57	$40.39	4.5%
Toothpaste	$2.01	$2.36	14.7%
Shampoo	$1.02	$1.08	5.2%
Movie	$11.34	$10.99	3.2%
Bowling	$18.23	$15.49	17.7%

Groceries

Item	North Salem	National avg.	Difference
Ground Beef	$3.97	$4.30	7.5%
Fried Chicken	$1.34	$1.40	4.5%
Milk	$1.73	$2.20	21.5%
Potatoes	$2.88	$3.22	10.5%
Pizza	$10.49	$10.74	2.3%
Beer	$9.06	$9.60	5.6%

Health Care

Item	North Salem	National avg.	Difference
Optometrist	$67.23	$109.73	38.7%
Doctor	$91.73	$118.34	22.5%
Dentist	$89.83	$100.94	11.0%
Ibuprofen	$9.06	$9.93	8.8%
Lipitor	$479.39	$469.53	2.1%

Housing

Item	North Salem	National avg.	Difference
Home Price	$117,500.00	$184,700.00	36.4%
Avg. Mortgage Payment	$931.48	$1,229.62	24.2%
Apartment Rent	$696.00	$949.00	26.7%

Transportation

Item	North Salem	National avg.	Difference
Gasoline	$2.66	$2.71	2.0%
Tire Balancing	$42.03	$51.86	18.9%

Utilities

Item	North Salem	National avg.	Difference
All Electricity	$182.33	$170.84	6.7%
Phone	$187.80	$187.18	0.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Crawfordsville, IN	15,996	84	15.8%
Bainbridge, IN	852	83	16.7%
Fillmore, IN	611	83	16.6%
Roachdale, IN	842	84	16.5%
Ladoga, IN	1,150	85	14.9%
North Salem, IN	493	87	13.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Canby, CA	493	100	0.3%
Silverton, CO	493	106	6.0%
Williamson, GA	493	97	2.6%
Lost Nation, IA	493	82	17.5%
Otho, IA	493	80	20.2%
North Salem, IN	493	87	13.2%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.