Cost of Living in Lake Village, IN

A+
16%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
40%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Lake Village Indiana National
Cost of living8490100
Goods & Services9694100
Groceries9798100
Health care9096100
Housing6072100
Transportation9595100
Utilities90107100
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Cost Of Living Quick Facts

  • The cost of living in Lake Village is 6% lower than the Indiana average
  • The cost of living in Lake Village is 16% lower than the national average
  • Lake Village housing is 40% 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 Lake Village

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Compare Lake Village, IN Cost of Living

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      Salary Calculator

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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$97,883$8,157$2,284$2,937
      Renters$0$0$0$0

      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 Lake Village National avg. Difference
      Haircut $23.56$24.262.9%
      Beauty Salon $42.28$45.567.2%
      Toothpaste $3.77$3.701.9%
      Shampoo $1.46$1.2813.8%
      Movie $8.75$12.1327.9%
      Bowling $18.33$18.001.9%

      Groceries

      Item Lake Village National avg. Difference
      Ground Beef $6.31$5.848.0%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.63$4.670.8%
      Potatoes $4.96$4.930.5%
      Pizza $13.80$12.0914.1%
      Beer $10.43$10.410.2%

      Health Care

      Item Lake Village National avg. Difference
      Optometrist $93.66$125.6825.5%
      Doctor $120.22$135.7811.5%
      Dentist $113.44$113.290.1%
      Ibuprofen $10.48$10.651.7%
      Lipitor $365.52$468.6022.0%

      Housing

      Item Lake Village National avg. Difference
      Home Price $111,100.00$184,700.0039.8%
      Avg. Mortgage Payment $1,536.70$2,346.6934.5%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      Item Lake Village National avg. Difference
      Gasoline $3.17$3.468.3%
      Tire Balancing $61.36$59.922.4%

      Utilities

      Item Lake Village National avg. Difference
      All Electricity $157.45$193.9918.8%
      Phone $197.49$192.252.7%
      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.
      Mount Ayr, IN1007822.1%
      Hopkins Park, IL5917822.0%
      Beaverville, IL3708217.9%
      Morocco, IN1,0978316.9%
      Papineau, IL1288316.7%
      Lake Village, IN7078415.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mendocino, CA70715252.3%
      Loghill Village, CO70715453.5%
      East Ellijay, GA7078712.6%
      Oxford, IA707936.6%
      Howe, IN7078712.9%
      Lake Village, IN7078415.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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