| Index | Wabash | Indiana | National |
| Cost of living | 84 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 96 | 97 | 100 |
| Housing | 55 | 72 | 100 |
| Transportation | 99 | 96 | 100 |
| Utilities | 99 | 96 | 100 |
| Lifestyle & Entertainment | 95 | 95 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 93 | 94 | 100 |
Getting a feel for the cost of living in Wabash 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 Wabash is 84, which is 16% 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, Wabash stands out by reporting housing costs that are 45.1% 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 Wabash can allocate a more reasonable portion of their income to housing, allowing for greater financial flexibility.
Is Wabash an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Wabash, the median home price is 52.1% lower than what most folks pay across the country, and monthly rent prices are 28.9% lower than the usual rates. Income levels in Wabash come in at $66,603, which is 18.1% lower than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Wabash, is 45.1% lower than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Wabash, the utilities index registers 1.2% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Wabash, healthcare costs are 4.4% lower than the national average.
The Wabash cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
| Housing index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $81,338 | $6,778 | $1,898 | $2,440 |
| Renters | $36,670 | $3,056 | $856 | $1,100 |
| 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. |
| Landess, IN | 93 | 95 | 5.5% |
| Jalapa, IN | 146 | 97 | 3.1% |
| Mount Etna, IN | 136 | 80 | 20.2% |
| Bunker Hill, IN | 656 | 80 | 19.6% |
| Lagro, IN | 432 | 81 | 18.8% |
| Wabash, IN | 10,243 | 84 | 15.7% |
| City | Population | Cost of Living Index | National Avg. |
| Rodeo, CA | 10,242 | 152 | 52.2% |
| River Grove, IL | 10,246 | 102 | 2.4% |
| Shelburne, ON | 10,249 | n/a | |
| George Mason, VA | 10,252 | 159 | 59.0% |
| Kapaa, HI | 10,232 | 168 | 67.8% |
| Wabash, IN | 10,243 | 84 | 15.7% |
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