Cost of Living in Michiana Shores, IN

B-
15%
Overall NAT. AVG.
14%
Goods & Services NAT. AVG.
70%
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 Michiana Shores Indiana National
Cost of living11590100
Goods & Services8694100
Groceries10098100
Health care8796100
Housing17072100
Transportation9095100
Utilities101107100
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Cost Of Living Quick Facts

  • The cost of living in Michiana Shores is 28% higher than the Indiana average
  • The cost of living in Michiana Shores is 15% higher than the national average
  • Michiana Shores housing is 70% higher 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 Michiana Shores

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Compare Michiana Shores, IN Cost of Living

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      The best places in Indiana

      Here are the best places to live in IndianaMost Dangerous States In The USSee the best places to live in Michiana ShoresThese are the largest cities in Indiana

      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$84,375$7,031$1,969$2,532
      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 Michiana Shores National avg. Difference
      Haircut $20.78$24.2614.4%
      Beauty Salon $52.07$45.5614.3%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.34$1.284.6%
      Movie $13.08$12.137.8%
      Bowling $10.44$18.0042.0%

      Groceries

      Item Michiana Shores National avg. Difference
      Ground Beef $6.31$5.848.0%
      Fried Chicken $1.62$1.573.0%
      Milk $4.83$4.673.3%
      Potatoes $4.96$4.930.4%
      Pizza $11.04$12.098.7%
      Beer $9.65$10.417.3%

      Health Care

      Item Michiana Shores National avg. Difference
      Optometrist $132.22$125.685.2%
      Doctor $117.36$135.7813.6%
      Dentist $99.95$113.2911.8%
      Ibuprofen $10.40$10.652.4%
      Lipitor $356.34$468.6024.0%

      Housing

      Item Michiana Shores National avg. Difference
      Home Price $362,300.00$184,700.0096.2%
      Avg. Mortgage Payment $1,868.87$2,346.6920.4%
      Apartment Rent $1,042.00$949.009.8%

      Transportation

      Item Michiana Shores National avg. Difference
      Gasoline $3.38$3.462.4%
      Tire Balancing $42.17$59.9229.6%

      Utilities

      Item Michiana Shores National avg. Difference
      All Electricity $199.24$193.992.7%
      Phone $190.02$192.251.2%
      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.
      Hudson Lake, IN1,2858020.1%
      Michigan City, IN31,1918217.9%
      Fish Lake, IN1,3358317.0%
      La Porte, IN21,3288316.8%
      Town of Pines, IN7478416.2%
      Michiana Shores, IN34911515.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wiley, CO3498713.4%
      Rice Lake CDP, MN3497821.6%
      Jacksonville, OH3498020.3%
      Magnetic Springs, OH3498514.5%
      Ridgeway, OH3498811.7%
      Michiana Shores, IN34911515.1%
      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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