Cost of Living in Shoals, IN

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20%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
61%
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 Shoals Indiana National
Cost of living8089100
Groceries9697100
Health care9897100
Housing3972100
Transportation9596100
Utilities9796100
Lifestyle & Entertainment9695100
Household Items9998100
Education & Childcare10394100
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Homes For Sale In Shoals, IN

property for sale

517 Stephens St

Shoals, IN
property for sale

116 Miller St

Shoals, IN
property for sale

10316 Boyd Hollow Rd

Shoals, IN
property for sale

11686 Indiana 450

Shoals, IN

Cost Of Living Quick Facts

  • The cost of living in Shoals is 10% lower than the Indiana average
  • The cost of living in Shoals is 20% lower than the national average
  • Shoals housing is 61% 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 Shoals

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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$54,458$4,538$1,271$1,634
      Renters$25,772$2,148$601$773

      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.
      Dover Hill, IN16972.8%
      Raglesville, IN108972.8%
      Burns City, IN36972.8%
      Alfordsville, IN37972.8%
      French Lick, IN1,8308317.1%
      Shoals, IN7468020.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Ash Fork, AZ7469010.5%
      Wellsburg, IA7468218.2%
      Reddell, LA7468614.4%
      Lacona, NY746973.2%
      Ethridge, TN7468613.8%
      Shoals, IN7468020.1%
      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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