Cost of Living in Paoli, IN

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15%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
44%
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 Paoli Indiana National
Cost of living8589100
Groceries9797100
Health care9797100
Housing5672100
Transportation9696100
Utilities9896100
Lifestyle & Entertainment9895100
Household Items9898100
Education & Childcare9994100
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Homes For Sale In Paoli, IN

property for sale

6142 S Wild Southview Dr

Paoli, IN
property for sale

2274 N County Road 200 W

Paoli, IN
property for sale

6382 S Wild Greenwood St

Paoli, IN
property for sale

1081 E Smith Cir

Paoli, IN

Cost Of Living Quick Facts

  • The cost of living in Paoli is 4% lower than the Indiana average
  • The cost of living in Paoli is 15% lower than the national average
  • Paoli housing is 44% 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 Paoli

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      Salary Calculator

      This is how much you would need to earn in
      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$63,195$5,266$1,474$1,896
      Renters$42,028$3,502$981$1,261
      The affordability of the housing market in Paoli, IN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Paoli homeowners, the median income is $63,195. This indicates that a monthly maximum of $1,474 should be spent by homeowners on all housing related costs. Renters have a median income of $42,028. This indicates that renters would have a maximum of $981 for their rent related monthly costs.

      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.
      Marengo, IN6808019.7%
      English, IN9818019.7%
      Livonia, IN788118.6%
      Saltillo, IN1638118.5%
      Milltown, IN8378218.0%
      Paoli, IN3,7438514.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Vandenberg AFB, CA3,74314645.7%
      Strathmore, CA3,7421022.4%
      Aledo, IL3,7428911.4%
      Lac-Etchemin, QC3,742n/a 
      Wrightsville, GA3,7448317.3%
      Paoli, IN3,7438514.9%
      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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