Cost Of Living in Troy, IN

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17%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

45%

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	Troy	Indiana	National
Cost of living	83	89	100
Groceries	97	97	100
Health care	94	97	100
Housing	55	72	100
Transportation	94	96	100
Utilities	94	96	100
Lifestyle & Entertainment	96	95	100
Household Items	96	98	100
Education & Childcare	88	94	100

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Cost Of Living Quick Facts

The cost of living in Troy is 7% lower than the Indiana average
The cost of living in Troy is 17% lower than the national average
Troy housing is 45% 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

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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	$63,310	$5,276	$1,477	$1,899
Renters	$91,696	$7,641	$2,139	$2,751

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.
Cloverport, KY	1,081	76	23.6%
Maceo, KY	422	78	21.7%
Cannelton, IN	1,384	79	21.2%
Chrisney, IN	701	80	20.1%
Gentryville, IN	399	81	19.2%
Troy, IN	683	83	17.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Happy Valley, AK	683	119	18.8%
Western Grove, AR	683	79	20.7%
Bluford, IL	683	85	14.9%
Van Bibber Lake, IN	683	91	8.7%
Scranton, KS	683	81	18.7%
Troy, IN	683	83	17.4%