These Are The 10 Least Affordable Places In Indiana

Chris Kolmar
by Chris Kolmar
Rankings - 3 years ago
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There are some parts of the country where your dollar goes further. For example, a steak dinner in Indianapolis costs a lot less than a steak dinner in San Francisco.

And the cost of living can have a big impact on how far your hard earned salary stretches. If you have a choice in where you can live for your job, the cost of living can play a big part.

That’s where Zippia comes in; to show you the places that would eat up a big part of your paycheck on expenses — the San Franciscos of the world if you will. Where housing is relatively cheap and you can get a good meal for less.

These are the places in Indiana where the cost of living is actually higher than the national average because, for the most part, Indiana isn’t all that expensive.

After we crunched all the numbers, we were left with this set of the least affordable places to live:

  1. Zionsville
  2. Westfield
  3. Carmel
  4. Dyer
  5. Munster
  6. Fishers
  7. Valparaiso
  8. Lakes Of The Four Seasons
  9. Crown Point
  10. Westville

Read on to see how we determined the places that try to keep up with the Joneses a little too much.

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How we determined the least affordable places to live in the Hoosier State

There are basic necessities that you have to buy no matter where in the country you live. Those things include:

  • Housing
  • Food
  • Gas
  • Health Insurance
  • Utilities
  • Transportation

You can then compare the cost of these things in each of the places in Indiana to figure out which is the most expensive.

What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States. And lucky for us, Sperling’s Best Places has such an index for us.

So we used that cost of living index in order to rank all of the 102 places in Indiana that have more than 5,000 people.

And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 120 means it’s 20% more expensive.

San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.

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1. Zionsville

Most Expensive Places in Indiana

Source: Wikipedia

Population: 23,134
Median Home Price: $410,600
Cost Of Living Index: 144

2. Westfield

Most Expensive Places in Indiana

Source: Wikipedia

Population: 30,081
Median Home Price: $250,300
Cost Of Living Index: 114

3. Carmel

Most Expensive Places in Indiana

Source: Wikipedia

Population: 80,060
Median Home Price: $236,000
Cost Of Living Index: 112

4. Dyer

Most Expensive Places in Indiana

Source: Wikipedia

Population: 16,283
Median Home Price: $205,300
Cost Of Living Index: 110

5. Munster

Most Expensive Places in Indiana

Source: Wikipedia

Population: 23,460
Median Home Price: $193,200
Cost Of Living Index: 108

6. Fishers

Most Expensive Places in Indiana

Source: Wikipedia

Population: 76,835
Median Home Price: $211,600
Cost Of Living Index: 107

7. Valparaiso

Most Expensive Places in Indiana

Source: Wikipedia

Population: 31,347
Median Home Price: $184,600
Cost Of Living Index: 106

8. Lakes Of The Four Seasons

Most Expensive Places in Indiana

Source: Wikipedia

Population: 7,351
Median Home Price: $182,800
Cost Of Living Index: 106

9. Crown Point

Most Expensive Places in Indiana

Source: Wikipedia

Population: 27,477
Median Home Price: $181,200
Cost Of Living Index: 105

10. Westville

Most Expensive Places in Indiana

Source: Wikipedia

Population: 5,873
Median Home Price: $213,300
Cost Of Living Index: 104