Cost Of Living in Austin, IN

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Austin	Indiana	National
Cost of living	84	90	100
Goods & Services	99	94	100
Groceries	101	98	100
Health care	95	96	100
Housing	48	72	100
Transportation	96	95	100
Utilities	104	107	100

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Cost Of Living Quick Facts

The cost of living in Austin is 6% lower than the Indiana average
The cost of living in Austin is 16% lower than the national average
Austin housing is 52% 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
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$33,170	$2,764	$774	$995
Renters	$22,477	$1,873	$524	$674

A good way to judge both the affordability of the housing and the cost of living in Austin is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Austin has a median income of about $33,170 for people who own homes. Based on that number, a maximum of $774 should be spent on expenses related to housing. Renters have a slightly different median income, which is $22,477. Based on this average, renters should spend no more than $524 on all rental costs if they want to maintain a non-impoverished standard of living.

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%

Goods & Services

Item	Austin	National avg.	Difference
Haircut	$26.42	$24.26	8.9%
Beauty Salon	$47.57	$45.56	4.4%
Toothpaste	$3.55	$3.70	4.0%
Shampoo	$1.36	$1.28	6.5%
Movie	$11.48	$12.13	5.4%
Bowling	$16.61	$18.00	7.7%

Groceries

Item	Austin	National avg.	Difference
Ground Beef	$5.88	$5.84	0.8%
Fried Chicken	$1.74	$1.57	10.8%
Milk	$4.78	$4.67	2.4%
Potatoes	$5.01	$4.93	1.6%
Pizza	$12.45	$12.09	3.0%
Beer	$10.53	$10.41	1.1%

Health Care

Item	Austin	National avg.	Difference
Optometrist	$173.41	$125.68	38.0%
Doctor	$108.22	$135.78	20.3%
Dentist	$104.94	$113.29	7.4%
Ibuprofen	$10.84	$10.65	1.8%
Lipitor	$483.43	$468.60	3.2%

Housing

Item	Austin	National avg.	Difference
Home Price	$69,300.00	$184,700.00	62.5%
Avg. Mortgage Payment	$2,453.08	$2,346.69	4.5%
Apartment Rent	$697.00	$949.00	26.6%

Transportation

Item	Austin	National avg.	Difference
Gasoline	$3.56	$3.46	2.9%
Tire Balancing	$47.16	$59.92	21.3%

Utilities

Item	Austin	National avg.	Difference
All Electricity	$206.98	$193.99	6.7%
Phone	$190.02	$192.25	1.2%

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	Population	Cost of Living Index	National Avg.
Deputy, IN	34	99	0.7%
Kent, IN	0	99	0.7%
Crothersville, IN	1,771	86	13.8%
New Washington, IN	571	88	12.2%
Brownstown, IN	2,920	88	12.1%
Austin, IN	3,854	84	16.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Vidalia, LA	3,854	89	11.1%
Green Acres, CA	3,855	115	15.4%
Windber, PA	3,855	86	13.9%
Harrisburg, OR	3,852	105	4.6%
Lake Park, NC	3,851	109	8.6%
Austin, IN	3,854	84	16.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Austin, IN