Cost Of Living in Farmland, 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	Farmland	Indiana	National
Cost of living	86	90	100
Goods & Services	96	94	100
Groceries	96	98	100
Health care	96	96	100
Housing	58	72	100
Transportation	95	95	100
Utilities	113	107	100

New Real Estate Listings in Farmland Area

For Sale For Rent

Search

Search Homes for Sale in Farmland, IN

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Farmland is 4% lower than the Indiana average
The cost of living in Farmland is 14% lower than the national average
Farmland housing is 42% 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 Farmland

See all the best places to live around Farmland

Compare Farmland, IN Cost of Living

Write a review to give others more information about this area.

See all Farmland poll results

The best places in Indiana

Here are the best places to live in Indiana

Most Dangerous States In The US

Check out the 10 safest cities in Indiana

Most Dangerous Cities In The US

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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,708	$4,392	$1,230	$1,581
Renters	$33,640	$2,803	$785	$1,009

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	Farmland	National avg.	Difference
Haircut	$16.50	$24.26	32.0%
Beauty Salon	$30.94	$45.56	32.1%
Toothpaste	$3.69	$3.70	0.4%
Shampoo	$1.30	$1.28	1.1%
Movie	$11.69	$12.13	3.6%
Bowling	$11.24	$18.00	37.6%

Groceries

Item	Farmland	National avg.	Difference
Ground Beef	$5.74	$5.84	1.8%
Fried Chicken	$1.39	$1.57	11.7%
Milk	$4.59	$4.67	1.8%
Potatoes	$4.88	$4.93	1.0%
Pizza	$12.18	$12.09	0.8%
Beer	$9.64	$10.41	7.4%

Health Care

Item	Farmland	National avg.	Difference
Optometrist	$138.77	$125.68	10.4%
Doctor	$101.43	$135.78	25.3%
Dentist	$122.83	$113.29	8.4%
Ibuprofen	$10.19	$10.65	4.3%
Lipitor	$475.45	$468.60	1.5%

Housing

Item	Farmland	National avg.	Difference
Home Price	$78,900.00	$184,700.00	57.3%
Avg. Mortgage Payment	$1,324.56	$2,346.69	43.6%
Apartment Rent	$901.00	$949.00	5.1%

Transportation

Item	Farmland	National avg.	Difference
Gasoline	$3.51	$3.46	1.4%
Tire Balancing	$47.59	$59.92	20.6%

Utilities

Item	Farmland	National avg.	Difference
All Electricity	$236.28	$193.99	21.8%
Phone	$189.86	$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.
Blountsville, IN	83	78	22.2%
Ridgeville, IN	554	80	20.3%
Saratoga, IN	252	80	19.9%
Redkey, IN	1,493	81	18.6%
Dunkirk, IN	1,923	82	18.1%
Farmland, IN	1,247	86	13.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Flippin, AR	1,247	78	21.9%
Buhler, KS	1,247	86	14.3%
Potomac Heights, MD	1,247	93	6.5%
Lakeport, TX	1,247	91	9.2%
Del Rey, CA	1,246	107	7.5%
Farmland, IN	1,247	86	13.8%

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 Farmland, IN