Cost Of Living in South Haven, IN

A

4%

Overall NAT. AVG.

7%

Goods & Services NAT. AVG.

21%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	South Haven	Indiana	National
Cost of living	96	90	100
Goods & Services	107	94	100
Groceries	104	98	100
Health care	108	96	100
Housing	79	72	100
Transportation	107	95	100
Utilities	89	107	100

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Cost Of Living Quick Facts

The cost of living in South Haven is 7% higher than the Indiana average
The cost of living in South Haven is 4% lower than the national average
South Haven housing is 21% lower than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 43% 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	$65,594	$5,466	$1,530	$1,968
Renters	$26,667	$2,222	$622	$800

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in South Haven, IN, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In South Haven, homeowners have a median income of $65,594. Using that number, a maximum of $1,530 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $26,667, which means there is a maximum of $622 to be spent on the costs of renting a home or apartment.

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	South Haven	National avg.	Difference
Haircut	$33.69	$24.26	38.9%
Beauty Salon	$53.44	$45.56	17.3%
Toothpaste	$3.75	$3.70	1.4%
Shampoo	$1.27	$1.28	1.1%
Movie	$17.91	$12.13	47.6%
Bowling	$24.58	$18.00	36.6%

Groceries

Item	South Haven	National avg.	Difference
Ground Beef	$5.28	$5.84	9.5%
Fried Chicken	$1.42	$1.57	9.7%
Milk	$4.87	$4.67	4.3%
Potatoes	$4.90	$4.93	0.7%
Pizza	$13.41	$12.09	10.9%
Beer	$10.00	$10.41	4.0%

Health Care

Item	South Haven	National avg.	Difference
Optometrist	$118.27	$125.68	5.9%
Doctor	$167.67	$135.78	23.5%
Dentist	$128.22	$113.29	13.2%
Ibuprofen	$10.97	$10.65	2.9%
Lipitor	$382.34	$468.60	18.4%

Housing

Item	South Haven	National avg.	Difference
Home Price	$127,100.00	$184,700.00	31.2%
Avg. Mortgage Payment	$2,578.06	$2,346.69	9.9%
Apartment Rent	$961.00	$949.00	1.3%

Transportation

Item	South Haven	National avg.	Difference
Gasoline	$3.56	$3.46	2.7%
Tire Balancing	$70.87	$59.92	18.3%

Utilities

Item	South Haven	National avg.	Difference
All Electricity	$148.58	$193.99	23.4%
Phone	$210.03	$192.25	9.3%

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.
Wheeler, IN	229	104	3.9%
Gary, IN	75,486	88	12.0%
Michigan City, IN	31,191	82	17.9%
Lake Station, IN	11,952	91	8.6%
New Chicago, IN	1,846	91	8.6%
South Haven, IN	5,017	96	3.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
White Hall, AR	5,017	97	3.0%
Allegan, MI	5,017	87	12.8%
Central Kootenay B, BC	5,017	n/a
Samsula-Spruce Creek, FL	5,016	121	20.7%
Wapato, WA	5,018	92	8.3%
South Haven, IN	5,017	96	3.7%