Winchester cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index7489100
Goods & Services index8198100
Groceries index9394100
Health care index7693100
Housing index4672100
Transportation index9196100
Utilities index9194100
A general summary of the cost of living index in Winchester, IN is shown above. Compared to the state average of Indiana the cost of living index in Winchester, IN is 74, which is 17% lower than the average in Indiana and compared to the national average it is 26% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Winchester, IN goods and services come in at 17% lower than the average in Indiana and are 19% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Winchester is 17% lower than the Indiana average.
  • The cost of living in Winchester is 26% lower than the national average.
  • The cost of housing in Winchester is 54% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Winchester, IN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Winchester, IN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Winchester, IN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Winchester, IN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Winchester, IN have a median income of $46,016. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,074 per month to avoid calamity and poverty. The renters in the city have an income of about $19,395, which would make their monthly maximum allowable rental costs $453.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
When you are determining the total cost of living in Winchester, IN you will want to make sure you consider both the Indiana sales tax and the Indiana income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Indiana is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Indiana have a range from 3.3% to 3.3%.

Goods & Services

ItemWinchesterNational avg.Difference
Haircut $11.07$16.0931.2%
Beauty Salon $25.07$37.3332.8%
Toothpaste $1.93$2.4521.0%
Shampoo $0.87$1.0012.8%
Movie $6.02$10.2841.5%
Bowling $3.49$4.9329.3%


ItemWinchesterNational avg.Difference
Ground Beef $3.52$3.807.4%
Fried Chicken $1.22$1.4012.6%
Milk $1.59$2.0120.7%
Potatoes $2.65$3.0111.8%
Pizza $8.00$9.8919.1%
Beer $8.29$8.906.9%

Health Care

ItemWinchesterNational avg.Difference
Optometrist $49.75$102.1651.3%
Doctor $65.15$108.3639.9%
Dentist $70.01$92.5324.3%
Ibuprofen $8.66$9.286.7%
Lipitor $415.83$425.822.3%


ItemWinchesterNational avg.Difference
Home Price $69,500.00$184,700.0062.4%
Avg. Mortgage Payment $826.93$1,202.4431.2%
Apartment Rent $629.00$949.0033.7%


ItemWinchesterNational avg.Difference
Gasoline $2.21$2.241.6%
Tire Balancing $35.40$46.2923.5%


ItemWinchesterNational avg.Difference
All Electricity$142.37$165.9614.2%
Phone $27.84$28.682.9%
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, StatePopulationCost of Living IndexNational Avg.
Blountsville, IN10369-31%
Saratoga, IN24270-30%
Union City, IN3,47070-30%
Ridgeville, IN53170-30%
Economy, IN15071-29%
Winchester, IN4,95874-26%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bristol, WI4,9571044%
Byron, GA4,95689-11%
Columbia Falls, MT4,96095-5%
East Greenbush, NY4,96011111%
Bethlehem, NC4,96195-5%
Winchester, IN4,95874-26%
Source: The Winchester, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.