A
Overall 24%
Goods & Services 4%
Housing 68%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexPonetoIndianaNational
Cost of living7689100
Goods & Services9697100
Groceries8692100
Health care10594100
Housing3272100
Transportation96100100
Utilities9299100

Key findings

  • The cost of living in Poneto is 15% lower than the Indiana average
  • The cost of living in Poneto is 24% lower than the national average
  • Poneto housing is 68% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 45% higher than the national average

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Compare Poneto, IN Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$51,071$4,256$1,192$1,532
      Renters$0$0$0$0

      Indiana Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Indiana7%7%

      Indiana Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Indiana3.23%3.23%

      Goods & Services

      ItemPonetoNational avg.Difference
      Haircut $18.00$17.492.9%
      Beauty Salon $31.00$38.1718.8%
      Toothpaste $1.85$2.3220.3%
      Shampoo $0.88$1.0113.0%
      Movie $10.96$10.722.2%
      Bowling $13.33$13.863.8%

      Groceries

      ItemPonetoNational avg.Difference
      Ground Beef $3.77$3.903.3%
      Fried Chicken $0.88$1.4036.9%
      Milk $1.17$1.9640.4%
      Potatoes $2.60$3.1818.3%
      Pizza $9.49$10.398.7%
      Beer $8.99$9.232.6%

      Health Care

      ItemPonetoNational avg.Difference
      Optometrist $70.25$106.3433.9%
      Doctor $129.50$115.2512.4%
      Dentist $108.00$98.389.8%
      Ibuprofen $8.12$9.2612.3%
      Lipitor $511.83$466.479.7%

      Housing

      ItemPonetoNational avg.Difference
      Home Price $59,200.00$184,700.0067.9%
      Avg. Mortgage Payment $742.77$1,273.3241.7%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      ItemPonetoNational avg.Difference
      Gasoline $2.63$2.591.4%
      Tire Balancing $44.00$48.9010.0%

      Utilities

      ItemPonetoNational avg.Difference
      All Electricity$144.78$167.6013.6%
      Phone $181.43$163.4211.0%
      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, StatePopulationCost of Living IndexNational Avg.
      Bryant, IN28174-26%
      Montpelier, IN1,71878-22%
      Hartford City, IN6,11077-23%
      Pennville, IN79478-22%
      Vera Cruz, IN10979-21%
      Poneto, IN15376-24%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Jackson, NE15387-13%
      Pax, WV15383-17%
      Rozel, KS15376-24%
      Orlando, OK15379-21%
      Whiting, WY15396-4%
      Poneto, IN15376-24%
      Source: The Poneto, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.