Cost of Living in Waveland, IN

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15%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
43%
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 Waveland Indiana National
Cost of living8589100
Groceries9897100
Health care9997100
Housing5772100
Transportation9896100
Utilities9696100
Lifestyle & Entertainment9895100
Household Items9798100
Education & Childcare9294100
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Homes For Sale In Waveland, IN

property for sale

7320 W 1150 S

Waveland, IN
property for sale

In-59 St

Waveland, IN
property for sale

E State Road 47

Waveland, IN
property for sale

E State Road 47

Waveland, IN

Cost Of Living Quick Facts

  • The cost of living in Waveland is 5% lower than the Indiana average
  • The cost of living in Waveland is 15% lower than the national average
  • Waveland housing is 43% 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 Waveland

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$79,398$6,617$1,852$2,382
      Renters$44,025$3,669$1,027$1,321

      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.
      Alamo, IN707326.8%
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      Bloomingdale, IN4317822.2%
      Marshall, IN3818119.2%
      Kingman, IN6248415.9%
      Waveland, IN4598515.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Pleasant Valley, AK459991.2%
      Houston, DE4591066.2%
      Farragut, IA4598218.1%
      Middletown, IA459927.6%
      Laketon, IN4598614.0%
      Waveland, IN4598515.0%
      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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