| Index | Terre Haute | Indiana | National |
| Cost of living | 85 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 99 | 97 | 100 |
| Housing | 56 | 72 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 96 | 96 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 92 | 94 | 100 |
Getting a feel for the cost of living in Terre Haute is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Terre Haute is 85, which is 15% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing expenses can absorb a substantial portion of your net income, sometimes exceeding 30%. Thankfully, Terre Haute stands out by reporting housing costs that are 44.2% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more budget-friendly compared to the rest of the country. With such favorable housing affordability, residents of Terre Haute can allocate a more reasonable portion of their income to housing, allowing for greater financial flexibility.
Nobody knows their city better than the people who actually live there. So, we asked 6 local residents how they would rate the cost of living in Terre Haute and this is how they responded. 33% of people said that the cost of living was affordable, with prices decreasing, while 67% of people said that the cost of living was very expensive and prices continue to rise.
Wondering if Terre Haute is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Terre Haute, for example, the median home price is 53.7% lower than what folks pay nationally, and monthly rent is 22% lower than the usual rates. Plus, income levels matter too, with Terre Haute boasting a median household income of $55,666, which is 31.6% lower than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Terre Haute, healthcare costs are 1% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Terre Haute, the utilities index is 4.5% lower than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Terre Haute, the groceries index is 2.5% lower than the national average.
The Terre Haute cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $78,539 | $6,545 | $1,832 | $2,356 |
| Renters | $34,250 | $2,854 | $799 | $1,028 |
| State | General Sales Tax | With Max Surtax |
| Indiana | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Indiana | 3.15% | 3.15% |
| City | Population | Cost of Living Index | National Avg. |
| Dresser, IN | 38 | 97 | 3.1% |
| Blanford, IN | 253 | 76 | 24.0% |
| Universal, IN | 352 | 77 | 23.0% |
| West Terre Haute, IN | 2,280 | 81 | 18.6% |
| Rosedale, IN | 864 | 82 | 18.4% |
| Terre Haute, IN | 62,758 | 85 | 15.4% |
| City | Population | Cost of Living Index | National Avg. |
| Malden, MA | 62,735 | 148 | 48.4% |
| Monterey Park, CA | 62,573 | 169 | 69.0% |
| Moore, OK | 62,967 | 94 | 6.2% |
| Millcreek, UT | 62,982 | 129 | 28.9% |
| Leander, TX | 62,512 | 115 | 15.3% |
| Terre Haute, IN | 62,758 | 85 | 15.4% |
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